Just a quick note as I'm headed to the airport.
Don't get too excited or depressed by price action today and this week. Every rumor will be met with a wave of selling, like we just saw about 10 minutes ago. Gold looks to catch a bid when it falls back near last week's high of 1610. Silver seems to stabilize in the 40.20-40.40 area.
Remember, deal or no deal, the debt ceiling is going UP. This means at least another $2T in debt...another $2T that will primarily come from QE. Gold is going much higher. My current target is $1800 by Halloween. Take advantage of dips.
More after the close. TF
