01 August 2011

Blowing the roof..

Yes, we got a deal to raise the debt ceiling. Initial reaction in the markets was positive to the news, gold and silver dropped, though not by much with silver still flirting with $40 and Gold still solidly above $1600.

Obama may have succeeded in postponing the inevitable. With the US debt growing by the second, how much longer until they need to raise the debt ceiling again? Seems all that's left in this house of cards is to blow the roof off..

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