by Rakesh Neelakandan, SilverBearCafe.com:
Fiscal cliff issue is just the tip of the iceberg. The patchwork deal would not address the debt ceiling issue at all and would be a source of consternation for the times to come.
If you are an intraday trader, the markets may not offer much prospects for the day as the trend is expected to be flat. But, if you are having a position for the long term, you may hold on to silver, come what may.
The logic is here:
The US politicians are busy clinching a deal on fiscal cliff and obviously, given the time and political constraints, a comprehensive deal is not expected out of them. They may at best reach a face-saving solution that would at least not spook the markets.
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