Dow Gold and Gold Silver Ratio Charts Remain Bullish

The far more substantial risk from the pending budget negotiations remains as does the appalling US national debt and unfunded liability situation – both of which offer long term support to gold and silver. The market lustily greeted the deal that U.S. Congress passed to raise taxes on the wealthy and spare the middle and lower income earners. However, the very necessary cutting of budgets in various sectors, military and domestic, will no doubt fuel many more political battles as the nation’s finances continue to deteriorate. In India, the central bank has required restrictions be placed on gold imports by banks and agencies, while the finance minister said he was evaluating further tax increases on gold imports to help rein in a current account gap that touched an all-time high in the Q3 2012. U.S. weekly jobless claims for 12/20 are released at 1330 and expected at 365,000 and at...