Will Sequestration Bolster Gold? – SPDR Gold Trust (ETF) (GLD)

by alexoscarew | February 25, 2013 at 02:36 am
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http://economicrisis.com/will-sequestration-bolster-gold-spdr-gold-trust-etf-gld-goldcorp-inc-usa-gg/590

Will Sequestration Bolster Gold? – SPDR Gold Trust (ETF) (GLD), Goldcorp Inc. (USA) (GG)

As the market and U.S. economy prepare for a flurry of activity this week — including results from elections in Italy, testimony to Congress from Federal Reserve Chairman “Helicopter” Ben Bernanke, the release of the January minutes from the Federal Open Market Committee, and more housing data — the defining event must be the onset of sequestration, set to go into effect on Friday. In the type of political theater that has become decidedly commonplace, President Obama is demanding an extension for cuts that he helped to set in motion,
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