Today [pub­lished yes­ter­day], the entire House of Rep­re­sen­ta­tives and one-third of both the Sen­ate and state gov­er­nor­ships are up for grabs. As Amer­i­cans across the nation decide the direc­tion our coun­try is headed, mar­ket watch­ers are anx­iously await­ing an out­come that could deter­mine where the mar­ket is headed.

If his­tory is any guide, the answer is higher.

This chart tracks the his­tor­i­cal S&P 500 Index per­for­mance fol­low­ing mid-term elec­tions since 1934. The strong rally over the past months has shot us above his­tor­i­cal norms. Deutsche Bank says that we nor­mally see a sell-off directly fol­low­ing elec­tions while the results are digested, then an extended strong period follows.

Polit­i­cal experts are pre­dict­ing Repub­li­cans will take con­trol of the House [they have] and Democ­rats will nar­rowly main­tain con­trol of the Sen­ate  [also true post elec­tion]. But we’re not polit­i­cal experts, we’re investors. So what does this mean for us?

We first must place today’s events in his­tor­i­cal con­text. To help do that, we’ve brought in cycle-ologist Ian McAv­ity to place the elec­tions and their expected mar­ket impact into his­tor­i­cal per­spec­tive and offer insight into what the elec­tions and other mar­ket events could mean for gold, com­modi­ties and world mar­kets. Now is your last chance to sign up for our Post-Election Update Web­cast with spe­cial guest Ian McAv­ity.

McAv­ity is a chartist extra­or­di­naire, who will share with you ways to iden­tify where we are in sev­eral dif­fer­ent cycles: The Debt Super­cy­cle, the Pres­i­den­tial Elec­tion Cycle and the Gold Cycle.

We hope you’ll join us for this spe­cial web pre­sen­ta­tion on Wednes­day, Novem­ber 3, 2010, at 4:05 PM ET.

Reg­is­ter Now

A replay of this web­cast will be avail­able fol­low­ing the live event

Frank Holmes is CEO and chief investment officer of U.S. Global Investors, Inc., and a Toronto, Canada native, which manages a diversified family of mutual funds and hedge funds specializing in natural resources, emerging markets and infrastructure. The company’s funds have earned more than two dozen Lipper Fund Awards and certificates since 2000. The Global Resources Fund (PSPFX) was Lipper’s top-performing global natural resources fund in 2010. In 2009, the World Precious Minerals Fund (UNWPX) was Lipper’s top-performing gold fund, the second time in four years for that achievement. In addition, both funds received 2007 and 2008 Lipper Fund Awards as the best overall funds in their respective categories. Mr. Holmes was 2006 mining fund manager of the year for Mining Journal, a leading publication for the global resources industry, and he is co-author of “The Goldwatcher: Demystifying Gold Investing.” He is also an advisor to the International Crisis Group, which works to resolve global conflict, and the William J. Clinton Foundation on sustainable development in nations with resource-based economies. Mr. Holmes is a much-sought-after conference speaker and a regular commentator on financial television. He has been profiled by Fortune, Barron’s, The Financial Times and other publications. Read more from the author/contributor here.

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