Wednesday, September 25, 2013

Hold Silver - US Treasuries are getting hammered

Hold Silver - US Treasuries are getting hammered US Treasuries are getting hammered today, due to concerns over funding Obamacare and raising the debt ceiling. Eventually this will play into pushing more investors into gold for safety. George Soro's huge bearish bet on the S&P is still in place and I expect that the S&P downturn will occur in October when the budget battle becomes extremely heated. Moody's would not actually have to downgrade the US debt to cause the dollar to lose value. Just talk or warnings from Moody's would be enough to send the US dollar into a tailspin, as markets are more psychological than rational. Hardcore Republicans have also threatened to shut down the government over Obamacare and that may be very harmful to the outlook of the US dollar.

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