Gold and What Moves it.
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Tracking all things that relate to and affect the price of gold.
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Debt Limit Extension Passes US House, 285-144

Debt Limit Extension Passes US House, 285-144 | Gold and What Moves it. | Scoop.it
The House voted Wednesday to suspend the debt limit, and the Senate is expected to follow suit, despite some Democrats' misgivings.

 

U.S. lawmakers will continue funding the government in three-month increments as the House of Representatives on Wednesday voted 285 to 144 to pass a Republican bill that would extend the debt limit until May 19. The measure, which passed largely along party lines, now moves to the Senate.


Along with extending the debt ceiling, the bill will also suspend lawmakers’ paychecks if they fail to pass a budget by April 15. The bill is expected to pass the Democratic-majority Senate as well; Democratic leaders have said they would accept the offer. The White House has also said that while it isn't the best solution, the administration will not fight the bill. ...

Hal's insight:

How long can the can be kicked before the can just disintegrates?

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Eric De Groot: Review of Gold

Eric De Groot: Review of Gold | Gold and What Moves it. | Scoop.it

"... The invisible hand uses spreads to profit from phase transitions within a trend.  These transitions include inflection and acceleration points (chart 3).  A spike in spreading activity will hint an acceleration point is near. ..."

Hal's insight:

Click through for all his points and charts.

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