AugustaFriends' on 'Lake Shore Gold Corporation (TSX:LSG) - Price Of Gold surged another 17% in 15 trading days after the agreement was reached in 2011 -
Price of gold after the 2011 debt ceiling deal was struck:
the debt ceiling extension agreement on August 2nd 2011 -
Gold Surged another 17% in 15 trading days after the agreement was reached -
From August 1st to August 22nd, gold rose from $1,619/oz to over $1,900/oz.
Why did gold rally, when the threat of a default was gone? It's because the statutory debt ceiling is more a target than any real cap on debt.
In at .35 Target .55-60 after .43 Break My 2014 Target is $2.00+ thank you -
Lake Shore Gold Reports Solid Third Quarter 2013 Operating Results, Announces Completion of Mill Expansion and Achievement of Production Target of Over 3,000 Tonnes Per Day