Tuesday, October 1, 2013

sell off

It appears the Gov. has told 1 million gov. workers to take an unpaid leave of absence how long will this go on.

How will this image impact the rest of the US peers and some countries worry they will have to rethink the treaty agreements made by the us for their "dysfunctional" behavior

as we woke this morning here is what the world seen

Gns+Research

http://www.zerohedge.com/print/479609


 
While gold prices remain above their pre-Un-Taper levels, they have been monkey-hammered once again this morning as the world awakes to a US Government shutdown for the first time in 17 years. Silver has retraced all its post-Un-Taper gains and is holding at those lows. It seems the department of precious metals selling has been deemed essential... or are the furloughed government workers all selling their gold?

[4]

Of course, for the conspiracy fact crowd, this makes perfect sense. On a day when the foundation of the USA is shown for its farcical reality, what better signal to the world is there than a US equity capital market rally and barbarous relic selloff to signal the status quo is as strong as ever?
and sure enough, it's getting worse...
[5]
It seems  - given the weakness across all commodities that a deflationary impluse is being priced in...


Charts: Bloomberg

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