Why isn’t Gold soaring at the moment? The last time the USA was in this mess gold shot up $250, yet today it is falling very close to support at $1280. The only rationale is that everyone knows this is theater. The last time their politicians played this game everything came out fine. Everyone is expecting the same this time. It’s the story of Henny Penny all over again. The sky will not fall! The deal will be done. The alternative, debt default makes every politician in the drama look like an idiot at best (and a target for a crazed gunman at worst) and they are smarter than that.
Have a great dayKevin