The credit rating agencies also appear to have dodged a bullet: Lawmakers "could strip a provision designed to eliminate perceived conflicts of interest between the credit rating agencies and the companies whose debt they rate," Reuters reports

Shocking? Hardly

Like OTC derivatives regulations, do not expect the right thing to be done. As such, the problems we presently have are nothing compared to 2011 - 2012. This type of political expedient occurrence gives credence to those that believe $1650 is a paltry price objective for gold.

Jim

There is nothing more to add. Time and price projections are correct.