Gold broke back above both the $1,900-per-ounce support level and the 50-day moving average, closing the week at $1,951.70 per ounce (see the following chart). The close margins in the presidential election will leave many issues headed to the courts. As a result, there will be a lot of confusion and uncertainty moving forward. Gold’s safe-haven feature will be attractive to many investors in this climate. In addition, the state of the U.S. economy is going to require even more stimulus dollars. James Rasteh, CIO of Coast Capital, told CNBC Tuesday (November 3) that gold is set to benefit from the sizable fiscal stimulus program the U.S. will likely adopt after the election no matter who wins the presidency. “We would be printing trillions of dollars more and all of that ultimately has extraordinarily positive repercussions for gold,” Rasteh said, adding, “The fiscal and monetary policies would be almost identical under either leadership. I think that the differences that are being delineated are really more imaginative than real.” Rick Andrews is president of Avant Capital Management.