“There's something happening here. But what it is ain't exactly clear… There's battle lines being drawn. Nobody's right if everybody's wrong.”   Steven Stills

Today the bipartisan coalition which had originally presented an aid package of $908 billion announced a revision that has a much higher probability of being passed and implemented before the end of the year.

If not for dollar weakness a much greater loss in gold would have been witnessed today.  Dollar weakness and its contribution to lessening today’s decline can be seen by viewing the KGX (Kitco Gold Index). As of 2:50 PM EST spot gold is trading down by $12.10 and is currently fixed at $1827.40. On closer inspection market participants bid spot gold lower by $17.60 today.

Gold futures scored moderate gains in trading today, with the February 2021 Comex contract trading to a low of $1826.80 before recovering and closing with gains for the day, and a fractional gain for the week.  As of 4:20 PM EST gold futures are currently fixed at $1842.90 after factoring in a net gain of $5.60 (+0.29%).

Gold futures scored fractional gains in active trading today, with the February 2021 Comex contract trading to a low of $1831.50 before recovering. As of 3:40 PM EST gold futures are currently fixed at $1839.40 after factoring in a net gain of $1.10 (+0.06%).

Gold prices tumbled in active trading today, with the most active February 2021 Comex contract trading to a low of $1828 before recovering. As of 5:04 PM EST gold futures are currently fixed at $1842.90 after factoring in a net decline of $32 (-1.71%).

As we quickly approach the holiday season, for many Americans it will not be a time for celebration, but a time of revocation. This as the aid keeping working families in their homes thanks to the promise the U.S. government has kept may soon be revoked, but still, there is hope.

According to an article penned by Sarah Hansen of Forbes, magazine lawmakers have entered a critical week to reach an agreement, “on another federal coronavirus aid bill, just one in four congressional staffers believe new stimulus legislation can pass before President-elect Joe Biden takes office in January, according to a new Capitol Insiders Survey from CQ Roll Call.”

Today during a news conference, the House of Representatives speaker Nancy Pelosi said, “There is momentum. There is momentum.” This is extremely great news considering that lawmakers have set this Monday as a deadline for completing the basic draft of a bipartisan fiscal stimulus bill which could then be put to a vote later in the week.

In the words of Glenn Frey; “The heat is on … The pressure's high”