“Oh, debt ceiling battles… what wonderful political theater you are.  The next battle is coming this fall, although no one seems quite sure when. Regardless, it will have an impact on markets, as before, and could send gold shooting skyward.  Both parties are expected to dig their trenches even deeper this time… making the fireworks even more explosive than usual. Since the gridlock in Congress seems unlikely to change, expect this to become a new annual national pastime… something like D.C.’s version of the Super Bowl. Get out your popcorn… and don’t forget to keep an eye on gold prices. Remember this chart.”

http://dailyreckoning.com/jack-lew-debt-ceiling-drama-to-return-in-october/

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