IMHO, it wont make much of a difference. Republicans will lower taxes and increase military spending. Democrats will increase taxes and decrease military spending. Either way the "Fiscal Cliff" is coming in Jan. The ball is in the Democrats' court, because it will harm Republican military spending more than any Democrat spending/taxation. If Obama wins they will make a deal Dec 31st. Romney wins, then the cuts will come in Jan, then when he gets sworn in, he will make a deal in Feb. After 1 month of market mayhem.
CUU should beware of the any upcoming market correction during this weak earnings season.
But then again, Teck was really bullish on Copper during their 3Q call.... so no worries here.