Americans head to the polls to vote in the midterm elections Tuesday, with Democrats expected to win the House of Representatives while Republicans are predicted to remain in control of the Senate. Many commentators believe that the midterm elections are effectively a referendum on Pr༺esident Donald Trump, whose two years in office have shown how politically divided the nation has become.

Making and passing policy is likely to become increasingly difficult if there's a split Congress. A political stalemate and uncertainty over controversial policies such as additional fiscal stimulus – 澳洲幸运5官方开奖结果体彩网:like further tax cuts – could lead to a "risk-off" market environment. These conditions may bolster the demand for safer assets like precious metals as investors seek a protective hedge.

Investors and traders who want to position themselves for "risk-off" market conditions should explore these three precious metal 澳洲幸运5官方开奖结果体彩网:exchange-traded funds (ETFs). Let's take a closer look at each fund and locate suitable 澳洲幸运5官方开奖结果体彩网:entry points.

𓆏Aberdeen Standard Physical Platinum Shares ETF (PPLT)

Launched in 2010, the Aberdeen Standard Physical Platinum Shares ETF seeks to track the platinum 澳洲幸运5官方开奖结果体彩网:spot price using platinum bullion held in London and Zurich. The fund suits investors who want a cost-effective way to gain platinum exposure with minimal 澳洲幸运5官方开奖结果体彩网:credit risk. As of Nov. 6, 2018, PPLT has a 澳洲幸运5官方开奖结果体彩网:year-to-date (YTD) return of -9.19%, but the fund has returned roughly 3% over the past month. PPLT charges a 0.6% 澳洲幸运5官方开奖结果体彩网:management fee – double the category average.

The fund has spent the majority of 2018 trending lower. Between July and October, the ETF's chart has formed an 澳洲幸运5官方开奖结果体彩网:inverse head and shoulders (H&S) pattern, which suggests that a significant bottom is in place. In early November, PPLT's price broke above a 澳洲幸运5官方开奖结果体彩网:downtrend line dating back to late February in another sign that the bulls are taking control. Those who wish to buy should look for 澳洲幸运5官方开奖结果体彩网:retracements to the $80 level, where the price should find support from the downtrend line and neckline of the H&S pattern.

A🧜berdeen Standard Physical Palladium Shares ETF (PALL)

The Aberdeen Standard Physical Palladium Shares ETF, also created in 2010, aims to track the performance of the palladium spot price using palladium bullion stored in London and Zurich. The fund has an 澳洲幸运5官方开奖结果体彩网:average daily trading volume (ADTV) of $1.4 million and a 0.17% average daily spread, making the 澳洲幸运5官方开奖结果体彩网:instrument suitable for both 澳洲幸运5官方开奖结果体彩网:swing traders and investors. PALL has an 澳洲幸运5官方开奖结果体彩网:expense ratio of 0.6% – the same as PPLT. The ETF has returned 15.5% over𝐆 the past three months and 1.01% YTD as of Nov. 6, 2018.

PALL traded within a 澳洲幸运5官方开奖结果体彩网:descending channel between December 2017 and August 2018 before breaking to the upside and reaching a YTD high of $108.79 on Oct. 23. Consider buying the fund between $102 and $104 – this area on the chart finds 澳洲幸运5官方开奖结果体彩网:horizontal line support from January and October 澳洲幸运5官方开奖结果体彩网:price action. The 50-day 澳洲幸运5官方开奖结果体彩网:simple moving average (SMA) has also recently crossed above the 200-day SMA, confirming upward momentum.

澳洲幸运5官方开奖结果体彩网:Invesco DB P💛reciou♐s Metals ETF (DBP)

Formed back in 2007, the Invesco DB Precious Metals ETF aims to provide similar returns to the DBIQ Optimum Yield Precious Metals Index. The fund's tracked index represents the value of various gold and silver 澳洲幸运5官方开奖结果体彩网:futures contracts. It allocates 80% of its 澳洲幸运5官方开奖结果体彩网:portfolio to gold and 20% to silver. The ETF's managers select contracts that are close to the spot price to minimize contango. DBP has returned 1.1% over the past month while returning -9.51% YTD as of Nov. 6, 2018. With a 0.75% management fee, the ETF is the most expensive fund of the three discussed. However, a 澳洲幸运5官方开奖结果体彩网:dividend yield of 0.13% helps to partially offset costs.

The fund's chart has formed a 澳洲幸运5官方开奖结果体彩网:double bottom over a three-month period between August and October. Despite several 澳洲幸运5官方开奖结果体彩网:pullbacks throughout last month, DBP's price has managed to remain above the 50-day SMA. Investors should look to enter this market at the $35 level, where the price should find s൲upport from the double bottom🌳 pattern's neckline and the 50-day SMA.