Gold

The jobs report issued Tuesday stated that the number of federal workers now is as low as the number was in 1966. 

A new week has begun - fortunately or unfortunately - for the U.S. government. Gold was treading water today, while silver picked up a tidy rise of 1.3%. 

Up, down, trying to get the feeling again...

         - Barry Manilow

The risk of a wrong decision is preferable to the terror of indecision.

         - "Moses" Maimonides, 12th century Jewish rabbi/philosopher  

Not to decide is to decide.

         - Harvey Cox, liberal 20th century theologian

Last Friday our headline for The Weekend Report read "Lock 'Em Up Till They Reach An Agreement." Well, no one was locked up exactly, but conditions have finally forced the parties in Washington back to the negotiating table regarding the budget and debt ceiling.
 

All major stock indices were up a bit over 2% today, reacting positively to the bone the Republicans threw to the President. We say, better check your guns at the door before entering the saloon. Obama is a cool customer and even though he may not show it because of the ice water in his veins, he is pretty ticked off at the right wing.

Today the United States enters day nine of a partial government shutdown, minutes are released from last month's FOMC meeting and President Obama nominates Janet Yellen to be the next the chairman of the US central bank. This triad of events were the major factors that led the US stock market to trading higher and the US dollar getting stronger.