Friday, October 4, 2013

Why Gold Is Not Rallying On Shutdown Republicans Think They're Winning the Shutdown $dust $nugt $spx $spy $xly $tbt $tlt $vxx $gs $ms $jpm $ms $wfc $bac

Why Gold Is Not Rallying On Shutdown

Neither the U.S. government shutdown nor the looming debt-ceiling deadline has been enough to boost demand for gold, which slumped to a near two-month low this week. So, why isn't the safe-haven asset catching a bid? 
According to Dennis Gartman, publisher of the Gartman Letter, the government shutdown is being viewed by some as a deflationary force in the world's largest economy. This is negative for gold as it is often purchased as a hedge against inflation.

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