• Monetary Metals
    05/02/2016 - 01:28
    The price of gold shot up this week, and silver moved proportionally. Headlines are screaming for gold to hit $10,000 or $50,000. Does this alleged new bull market have legs?

A Look At Events In The Week Ahead: All About The Debt Ceiling.... Again

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Mon, 07/25/2011 - 07:55 | 1490089 westboundnup
westboundnup's picture

Debt deal will take place guaranteed.

Mon, 07/25/2011 - 07:57 | 1490092 Cash_is_Trash
Cash_is_Trash's picture

Agreed.

Mon, 07/25/2011 - 08:16 | 1490114 No Bid
No Bid's picture

i agree too.  the more likely situation is a downgrade of the sov rating.  that would give the ratings agencies a shred of credibility though, so i don't expect it.

Mon, 07/25/2011 - 07:57 | 1490096 jkruffin
jkruffin's picture

I say everyone do a bank run on the Treasury....if you have a TD or TD-L account, pull it all out this week.  Don't let it sit in there for Geithner to get his hands on it and claim they can't pay.  I just pulled mine this morning.

 

Mon, 07/25/2011 - 08:02 | 1490103 RunningMan
RunningMan's picture

And exactly where did you put it all? FRNs in the mattress? The barbaric relic? There aren't many good alternatives.

Mon, 07/25/2011 - 08:16 | 1490115 cossack55
cossack55's picture

How about anywhere with no counterparty risk.

Mon, 07/25/2011 - 08:06 | 1490107 johny2
johny2's picture

The USA debt ceiling thing reminds me of the begginings of the greek tragedy . The politicians taking opportunity to score some easy shots while fire grows bigger each day. They will eventually make some silly attempt at controlling the debt crisis from growing, only to fail, as it gets more serious week by week. 

Mon, 07/25/2011 - 08:17 | 1490118 cossack55
cossack55's picture

I won't take any of them seriously until I see some CONgressional self-immolation happening on the steps.  Pure entertainment.

Mon, 07/25/2011 - 08:41 | 1490163 johny2
johny2's picture

I meant that they will keep bickering and backstabbing as the seriousness of the USA debt reality comes to the daylight, not that they will get serious about actually doing something productive.

Mon, 07/25/2011 - 09:58 | 1490301 RockyRacoon
RockyRacoon's picture

... CONgressional self-immolation...

The only thing being set ablaze is your future, your wealth, and your childrens' heritage.

Mon, 07/25/2011 - 08:18 | 1490121 overmedicatedun...
overmedicatedundersexed's picture

take a deep breath, it is only a problem if you own US debt..default is an easy way out..the path of least resistance if you will..congress will see the light default is painless for most of us. the country has cash flow to pay current SS and such..in fact the balance sheet will look stronger with debt off. Suicide is painless.

Mon, 07/25/2011 - 08:58 | 1490198 Re-Discovery
Re-Discovery's picture

Where is that Indian Gold short guy? 

I think Gold surges to 1650 if nothing done by end of day tomorow (which it wont be.)  Then drops to 1585 on news of a deal (not 1550 as was the target before the weekend.)  It stays there for about a second, then moves back above 1600.

next thing after this farce is the QE watch, which comes in mid-Aug to mid-Sept, after which Gold/Silver surge to 1800 and 50 respectively. 

Specific enough?  Get used to these price levels unless the eventual economic crash moves more rapidly than I think.

Mon, 07/25/2011 - 09:20 | 1490223 SheepDog-One
SheepDog-One's picture

Any 'deal' now removes $200 billion of the top to repay the amount Treasury has been helping itself to from govt pension funds. What a damn joke. And the ONLY 'cuts' they can seem to find is from Social Security and Medicare. And whatever they end up doing, I dont expect price levels varying much from here until total implosing, now the game is only about maintaining appearance of stability.

Mon, 07/25/2011 - 09:52 | 1490290 RockyRacoon
RockyRacoon's picture

However, if there is nothing by Thursday, then even the meanreversionbots will be powerless to just sit back and observe the massive carnage.

I thought that was supposed to happen this morning?   Send me an email when it actually happens....

Mon, 07/25/2011 - 12:11 | 1490765 Spigot
Spigot's picture

Gag me, Pls! Debt ceiling, Schmebt ceiling. What a waste of space. This Fall will be the real deal, not now. Its gonna hurt BIG...

Tue, 08/23/2011 - 23:22 | 1593509 karmete
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