Election day 2016 has finally arrived, and it is not only the American people who are preparing for a change in leadership but also the markets. In fact, thanks to a simple press conference done on Sunday by FBI Director James Comey, the markets exploded yesterday with expectations that Hillary Clinton would come out successful in the Nov. 8 vote.
But as many analysts have discussed over the past month, the outcome of today's Presidential election could actually trigger a Brexit part deux type event, as stocks, gold, and currencies are completely priced in for a Clinton victory, and this means that today's trading could actually be life changing for individuals if Donald Trump ends up winning.
Rickards says that Trump "will probably win" and, if he, does stock markets will crash 10% and gold will rise $100 over night.
The markets and polls believe Clinton will win and that is priced into markets in the same way that a 'Bremain' was priced into markets prior to the 'Brexit' vote.
“If Hillary wins nothing happens, if Trump wins you will have an earthquake.”
Should Trump win, which looking at the polls is not an impossibility, gold would likely surge $100 per ounce overnight, says Rickards.
What Hillary did was appalling and there will be ‘another reckoning on November 8th’ which the market has failed to price in, creating a good scenario for gold. He says you don’t have to agree that Trump will win, but agree that that in reality he could win.
For Rickards, this is an excellent opportunity for investors, particularly those who have an allocation to physical gold which he believes is set to rise in the coming months and years. - Zerohedge