Romney Favorables Jump Among Likely Voters

I know the media is telling us that Romney didn't receive a bounce in the polls after the RNC convention last week. Yet, a new poll released last night by CNN suggests otherwise. 53% of likely voters now have a favorable impression of Romney, against 43% who view him unfavorably. Before the convention, Romney's favorables were 50/46. This is a six-point improvement in his favorables. In other words, a bounce. 

Moreover, Romney's favorables are significantly better than Obama's. 51% of likely voters have a favorable impression of Obama, while 48% are unfavorable. This is down slightly from the week before Tampa, when his favorables were 52/47.  

In the head-to-head match-up, Romney and Obama are tied at 48% among likely voters. The week before the convention, Obama led by 2 points. Interestingly, CNN also reports the match-up among registered voters, which shows Obama leading Romney by 7 points, 52-45. This shows how misleading polls of just registered voters can be. Soon, polls will start moving to a likely voter screen, which will provide a general bump to Romney's poll numbers.

Romney is leading seniors by 10 points, 53-43 and 35-49 year olds by 13, 55-42. He also leads Independents by 10 points, 52-42. Obama's favorability among Independents is -7, 46-53, while Romney's is +28, 60-32. This could very well be the most crucial finding in the poll. 

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The past several months have seen the price of gold slump even as the Fed and other central banks have accelerated their massive expansion of paper money. Gold is off about 20% so far this year with silver down almost 30%. The old adage--“don’t fight the Fed”--particularly comes to mind now because the US equity markets have been setting new highs during this same period. All of these gains are nominal, you understand, but for terrified American policy makers and investors, nominal is just fine.

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