With another new high for the move in the dollar overnight, the slightly lower trade in gold and silver early was justified.
In today's action, we think gold and silver might have found psychological/even number values at $1950 and $23.00 respectively.
While there appears to be movement closer to a debt ceiling deal in Washington, the markets have been baking a deal into the cake over the past 2 weeks and a very neutral agreement will probably result in many markets turning their focus to other fundamental issues...[MORE]
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