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August 1, 2011 / Jeb

Debt Ceiling Deal Far From Done For Gold and Silver Investors

Each day our fascination with the market kaleidoscope arises as it attempts to influence us and confuse us at the same time.  This is why Gold Stock Trades examines the unfolding developments with the panoramic eye of an eagle.  This great bird of prey is gifted with vision that can see both the immediate terrain and at the same time extending to the most distant horizon.  In like manner, our telescopic view surveys the daily events as they might possibly influence our long range position.

For the past few weeks we have been dealing with an ebullient metals and miners market.  We notice that the capital markets are undergoing travail soon after The West has instituted a bailout of Greece.  Add to this the Moody’s statement that the Yuan of all things may need to be downgraded based on higher than expected difficulties encountered by their local governments.    This talk of the possible need to lower Chinese credit ratings may be tonic to the very mining sectors that GST follows.  Do not forget the U.S. debt ceiling talks closely approaching the August 2nd deadline.

Click here to read the full article and to see the interview with Jeb Handwerger on the debt ceilings impact on gold and silver prices.


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