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CapitalHubs
Sep 30, 2013 1:36 PM

Debt ceiling, SPX & Gold 

S&P 500SP

Description

Over the previous debt ceiling debate the market witnessed severe correction prompted by the lowered US credit rating. The gold, usually perceived as safe haven, gained some 27% in contrast (note that the spike in gold was shorter than market correction). Currently, the renewed buzz around debt ceiling rises the question whether the gold could be winner again.
Comments
SS96
" Currently, the renewed buzz around debt ceiling rises the question whether the gold could be winner again." the short answer is - no.
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