With everyone trying to find a cute election trade, my plan is to keep doing what I always do.
Whether it is Trump or Harris come Tuesday night… or even some sort of contested, disaster scenario… I want to be positioned with the primary trend.
The best piece of advice for investors right now is that reactions to political events - like reactions to most events, tend to occur in the direction of the underlying trend.
In other words, once the election volatility comes and goes… I bet the same trends remain in place.
Things that have already been trending higher will probably keep heading higher.
And things that have been trending lower will probably keep falling.
Elections happen. Presidents come and go. But trends persist.
One of the big trends we’ve been riding higher this year is the bull market in precious metals.
Let’s recap…
First, it was Gold:
Breaking out of a massive base to new all-time highs earlier this year.
And more recently, it was Silver:
Breaking out of a multi-year range and completing a structural trend reversal.
After hitting its highest level since 2012 a few weeks ago, SLV has pulled back about 7%. It’s currently testing a shelf of pivot highs from May and September. If it holds, I think the next leg higher is about to get underway.
So, when they ask me, “how should I position for the election?”
My answer is, “don’t.”
Just keep buying breakouts and leaning into the best uptrends.
The iShares Silver Trust $SLV against 29.50 is one of my favorite setups right now.
I’m long some individual names like Pan American Silver $PAAS and Wheaton Precious Metals $WPM. I think these are two top vehicles to express a bullish thesis on Silver.
And if you’re interested in the bullish silver theme, you have to check out our special Gold Rush report that just dropped. JC and Jason dive into the precious metals space and share some of their favorite setups.
They are doing a livestream about it Thursday afternoon.
If you think Silver and Gold are going to keep working, this is not an event you want to miss.
