As all this drama unfolded concerning the US debt limit, our elected officials sounded like a sandlot team heading to the park on sunday for a game.
I’ve only included one video of the commentary I could not believe I was hearing as all the debates were discussed over that last month. This one is Sen. Corker describing the situation like a cake that is not ready to be baked, and that “everyone needs to chill”, or “I would just chill”. He went as far as saying that all the politicians need to sober up. It seems that Sen. Corker may be the one that should sober up so he can chill and eat his completely baked cake. If you like, you can watch his commentary here;
Sen. McCain was also a culprit, as he mentioned all the crackpot politicans, and how they need to return to middle earth to destroy mordor…. really! On the senate floor of the United States of America, leaders are looking to fictitious events to describe a solution for our problems. Maybe we should vote George Lucas to WA, he seems to know how to wield the “force”
Precious Metals have not bought the BS coming out of washington or the rest of the world as gold is trading at record highs above $1,600/oz and silver has been holding strong around $40/oz. Platinum and palladium have been doing very well with many events unfolding in the mining industry in Africa
The debt limit topic will be touched on again here and there, as it is one of the key drivers pushing gold up over $1,600/oz. right now.