I agree that an Obama win may not reduce the extreme intervention applied to almost every market sector, especially in PM's. The reason being is that if the PPT backed off, the entire system would probably collapse within days. Even today, FED REPOS were an astounding $45 billion so I guess we now know the true source of the big rise in the DOW. As Australian analyst Colin Twiggs stated today: "Expect a relief rally for several days after the election, no matter which candidate wins. The relief is similar to that of a drowning man who finds a piece of timber to cling to — before the realization dawns that he is adrift in the middle of the ocean, far from the nearest land."

Friday's employment report should act as an early gauge to Obama's interventional doctrine. Should the data be as disastrous as real economic conditions dictate, then a hint of market honesty may be returning in the future. If the job numbers are poor then expect the election rally to end abruptly and the USD to correspondingly fall. Tough to call at this point as the transition between the GOP and DEMS may take several weeks.

Although we saw much suppression of gold and silver during the Bush Administration, the chart below clearly shows that PM's reacted relatively well to unlimited blunders.

Regards - VHF

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