The move happened well before the election. I suspect that they were trying to anticipate the crater that a Hillary election would have caused. Much like the markets anticipated Obongo’s election by withering after he landed the nomination and faced McCain (weak candidate), I think everyone expected Hillary to win, and like most Dem presidents she would have been a disaster for the economy.
If Hillary won, they knew we were doomed. We all knew!
B.S.
Maybe so. The price of gold skyrocketed in 2007-8, but that coincided with the Fed takeover of American banking. Bob Brinker predicted the stock market correctly all of last year based upon the indices he measures. And he predicted right.