i'll keep this posting short and brief. But the United States is going to vote on a measure to raise the debt ceiling, and it will pass one way or another because a default by the US government is inconceivable. Basically the government needs lawful permission to print more money... in the meantime all this squabble between the Democrats and the Republicans is causing stocks to tank, the US dollar to tank, and gold to go up...
and i believe it will continue this trend until the US approves the raising of the debt ceiling, as gold will be sold off on the sell the news event, and stocks will have a relief rally even though the raising of the debt ceiling signals that more money printing is on the way. And gold has been warning us about this. When the debt ceiling is approved, look at the charts to where gold, stocks, and the US dollar can go to.... in the long run I believe the US dollar is going to make new lows, based on cycle analysis, and that will eventually lead to a longer term rally for at least the summer.
The gist of it is that gold is going higher I think over the next few weeks, months, and a small correction would be a good place to initiate positions if one doesn't have one already.
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