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Re: Breaking news: No Federal Shutdown!!/Lee

My immediate thoughts are that the markets were pricing in at least a temporary shutdown, or possibly something as severe as the 1995/96 shutdowns. We've definitely seen some extreme market moves in the days/weeks leading up to this pivotal moment, although it's difficult to guage how much the fear and consequences of a prolonged government shutdown factored into them.

With this little crisis now averted and the air of short-term uncertainty cleared I expect the DX to turn up from its deeply oversold and sentimentally loathed state. I would expect to see the opposite happen in major currencies such as the Euro with perhaps a more pronounced reaction in the commodity currencies such as the loonie and aussie dollar.

Also, a sharp correction in the precious metals complex would not surprise me at all...Gold, and especially Silver, have been surging relentlessly higher over recent days/weeks and may be prone to any good reason/excuse to relieve their over-extended conditions and return to 'Mama' as Trades might say...this event fits the bill.

Guess we'll know soon enough if my thoughts are worth the price paid for them, lol...interesting week ahead!

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Re: Breaking news: No Federal Shutdown!!/Lee