“Close to a deal” is a relative statement.

“Close to a deal” is a relative statement. I could say that “I’m close to retirement” but unless your idea of “close” is 40 years you wouldn’t take me seriously. Senate majority leader Harry Reid said that his side of Congress has made tremendous progress and that they are close to a deal but whether the House of Representatives agrees is another question all together. Regardless, optimism remains surprisingly resilient with just a few days left until the Default of Doom. The chest thumping in Washington is all consuming at the moment and until a deal is reached one can expect the choppiness in the metals complex to continue. The metals began the morning in negative territory but have fought back early  with gold now trading relatively flat to Monday’s close.  Have a great day!