Intraday Market Thoughts

Gold & Silver's Trump Rally

by Ashraf Laidi
Nov 1, 2016 13:11

Gold and silver are having their biggest daily gain since the Sep 21 Fed decision, aided by a broadening lead for Donald Trump in most national polls. According to the latest Washington Post-ABC News Tracking Poll, Trump is leading by 1 point as Clinton's support dwindles following the FBI's renewed look at her emails. Gold has regained its 200-DMA, eyeing the previous support of 1300-3, while silver attempts targets 18.60 as it climbs out of the handle part of the Cup-&-handle formation. Both metals are among the existing trades in the Premium Insights, covered most recently in yesterday's Premium Video.


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