You guys watching the live White House briefing? They are going over the various options and backup measures.
It sounds like at least a fail safe measure (possibly a version of the McConnell bill which extends the debt ceiling to 2013) might be passed with plans for a larger deficit reduction bill to come at a later date.
The question is what do you think would happen to silver (in the near term - within the next week) if a debt ceiling agreement is passed?
Would silver fall because it would appear that we are closer to "dealing with our debts"?
Or would it go up because raising the debt ceiling means they can and WILL borrow/print another $2.4+ trillion more?
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