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Cramer: If This Candidate Wins, Lighten Up On Gold
Both President Barack Obama and Republican challenger Mitt Romney locked in early and unexpected victories Tuesday night, but Jim Cramer recommended that should Romney ultimately win the White House, investors should lighten up on gold. “If you think Romney is going to win, you actually want to make a bet against gold [GCCV1 1719.80 4.80 (+0.28%) ],” Cramer said during CNBC’s coverage of Election Day. Under the Obama administration, the U.S. Federal Reserve sought to stimulate the economy by way of quantitative easing. The Fed’s one power is to create money out of thin air and it’s currently using that ... (full story)