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Strategies & Market Trends : Ride the Tiger with CD
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To: Rocket Red who wrote (201687)7/28/2011 2:11:48 PM
From: CashWhore  Read Replies (1) of 312985
 
i kind of think gold is more likely to go up when they reach a deal and so might yields on us debt . If they dont up the ceiling everything will fall including gold. upping the ceiling will mean more printing and vice versa

here they are at the so called threat of default and bond yields have stayed low, market probably knows that people holding US debt (chinese)are still going to get paid and others will take the default (like gov employees)if the ceiling is not raised. I think it would be too funny if interest rates started to rise ending the multi decade bull market in treasuries when the debt ceiling gets raised
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