The Big Kahuna and The Big Kahuna

We're entering a time of year when things perk up for most of us. Coming up: Halloween. It's gone viral in recent decades compared to those less hyped years when kids went around trick or treating. Now, as you know, adults join the dress-up game. Seriously?

Nevertheless, Halloween cometh. And with it too much gore and witch-y stuff. The traditional observance of "All Hallows Eve" with its recognition of the dead has been ramped up from the natural consideration of those who died to a kind of ghoulish focus on the silly notions of the dead perpetrated in movies these days - you know, vampires, zombies, et al.

But, again, Halloween lingers less than a week away.

Of course, that's not the first Big Kahuna. That title goes to...

The Election! 

Yes, folks, it's almost here. No, wait, it's started already! Yep, we've now - at least most of us - switched to this extended voting thing. In NYC, it starts Saturday, October 26th. You can go to various sites and vote, even though it's not election day.

Mixed feelings about this: On the one hand, it cuts out those long lines some of us had to endure to cast a ballot - although such lines were not that common around our parts most years. On the other, this spreading out just seems ripe for election tampering, doesn't it? They say the ballots are secret, but are they really. 

Remember, they're not cast with paper and sealed in a box. Not only are they not paper, but they're done via software, with our choices inserted into a computer where our votes are correctly (ahem!) registered and sequestered from prying eyes (another ahem).

Still, Election Day remain a Big Kahuna. And whether your bailiwick is politics, markets, or social relationships, all will take a boost or a hit when the results roll in. 

Can't wait.

But what of the other Big Kahuna? You know...Gold. It bears repeating that in the face of all the hoo-hah about stocks that the financial media never tires of endlessly pandering, the top asset class this year has been Gold. And few own it. Imagine what might happen if a few more folks woke up to this fact?

On the other hand, central banks around the world - with the exception of our own venerable Fed - have been buying dollops of Gold for a few years now. Not only that, but it seems that they're now gathering silver into their coffers as well.

And all intended to displace the charmed place held by the U.S. dollar in their reserves for, well, forever - or at least since World War II.

Things are a-changin' and Gold has been a beneficiary.

This week, this Big Kahuna seems to be settling a bit, maybe taking a snooze, after a big run-up that surprised even the classic Gold Bugs. When it broke over 2,700/oz recently, we saw the latest in a string of new all-time highs. Yes, multiple new highs. (Sound familiar stock mavens?)

In any case, when it comes to Big Kahunas, each will have its day, with the Election first and Gold - well, it's having its day and we can't help but guess that it will be having many more such days after the Election Kahuna plays itself out.