Hartnett: Gold Is Heading Well Above $3000

Last Monday, as Trump's victory odds soared in online better markets, we pointed out that while market may not care much if Trump or Kamala wins under a gridlocked government, it certainly will care if there is a Democrat or Republican sweep, and that's precisely what Polymarket has been indicating, showing that the odds of Republicans taking both the House and Senate are the highest since Biden dropped out.

For markets, Trump or Kamala is irrelevant if there is gridlock. What matters is a sweep and the odds of Republicans taking House and Senate are now the highest since Biden dropped out.
Source: Polymarket https://t.co/ptgwVk5rxx pic.twitter.com/0FkoJYbGqn

— zerohedge (@zerohedge) October 14, 2024

Several days later, it is with this observation that BofA strategist Michael Hartnett started off his latest Flow Show report (available to pro subs in the usual place), writing that according to the latest presidential election win probability, Trump is at 61% vs Harris 49%...