that is certainly a possibility and one on my calendar. i have 3 possibilities for august. what i have found is the long cycle dominates. so, this will top when the long cycle tops(22months). the game is starting to get interesting. 1621 is the end of the cycle. breaking into the next cycle opens the gateway to higher prices and puts 1754 into play. and we are talking about the debt ceiling here, not the debt. down the road the debt will come into play that will not be pretty droves of folks will be sent to the breadline. its just a slow drip here. then it will pour. get out of debt all debt. in the great depression, folks who owned fully paid houses had to give the house back because they could not afford the taxes(whose side is uncle on?). notice that the fed gave money to foreign banks, those banks owed the banksters money. the money appears to be given so the banksters could be paid. anyway, our job is to remain buckled up and on the back of the back of the bull. @1478 folks had handed over their positions. now @1615 some are price chasing. not the road to riches. when the froth gets to an excess the rug will be pulled. its always the case. monitor your emotions. be honest. dont fool yourself. it always interests and amazes me , when the cycles are in topping mode the news kicks in gear to support the cycle.This chart implies a late August peak in gold:
http://stockcharts.com/c-sc/sc?s=$GOLD:$USD&p=D&yr=2&mn=6&dy=0&i=p01515471500&a=225295472&r=2615.png
stubaby
this is all speculation here. when the date comes to pass , then we see what reality the government has on its plate. of course history is the guide.
sovereigns have 2 choices
1 renege
2 inflate the debt away. for countries like the piigs this is not an option. unless of course they leave the euro. the usa can and will take this option.
after ww1 the allies saddled germany w/the costs of the war.+they had to rebuild. so weimar came into being and took the inflation option. it never ever has a happy ending . but yet it is continually repeated throughout history. fiat gives the politicians the option to print and to win votes, they do
be comfortable. if you have to take some of the table , then do so. trade in a way that suits your personality. find your niche.
dharma
