Am I the only one in awe by what has happened so far today. Please check these facts and reply so I know I am not going crazy. Government shuts down- market hates uncertainty so the Nasdaq climbs over 1 percent. Gold is a safe haven. Government shuts down- gold drops more than 35 dollars. I am just sounding off to see if I am the only one seeing absolute chaos in our markets today.
One school of thought is shut down means Gov not spending money. Deficit go down = lower gold. And if debt ceiling is not raised Washington will be forced into immediate balanced budget. Removing $1 trillion a year out of some $4.4 Trillion annual spending. Good luck with that.
I think Obama will declare Presidential power to raise the debt limit himeself before that happens.