There is now impressive momentum behind the idea ofaleverageratio, a measure thatputs a fixed ceiling on the total amount of assets that a bank can holdrelative to its capital.
Yet those who see prices trading sideways said that view of the debt ceiling talks might not hold this time around, given how gold sold off in late December and early January over the fiscal cliff squabbling.
Of course, McConnell knows full well that February is just days away and that he will get another large bite at the spending apple when the battle moves on to the debt ceiling where Congressional Republicans expect to hold better cards than they possessed in the current debate.