• TSX -135.39 to 13300.56
• DOW -.91.50 to 12,501.30
• Dollar +38c to 105.82c USD
• Oil +.14 to $99.23USD per barrel
• Gold +5.90 to $1625.20 USD per ounce
Gold approached an all-time high as investors sought to protect their wealth against the possibility of a U.S. default that may come as soon as next week amid a standoff over the country’s $14.3 trillion debt limit.
The spread (based on the MERIX 5 yr published rate of 3.84%) is at the top of the comfort zone at 1.68.
The spread based on the quick close of 3.64% is creeping up but still mid comfort zone at 1.48.
