The poor Republicans have their Mitt in the wringer. Everyone is ranting and raving against him. Why? Well, he's mostly right. But the 47% that Mitt was talking about don't really live "off the government."
Good news: Vice Presidential candidate Paul Ryan may put the focus of the presidential campaign on the sustainability of the US budget. Bad news: Ryan’s plan delivers some tough medicine; if the European experience is any guide, “austerity” makes bad politics.
Gold opened with a gain of $25 at $1,688 the ounce and silver started the midweek session off with a three-quarter dollar rise to the $32.89 level. But the big gainer on the day was platinum, which showed a $30 lift to $1,544.
Precious metals markets opened steady-to-higher for the midweek session in New York this morning. While gold and silver made only very modest advances that threatened to turn into potential losses, platinum and palladium staged fairly hefty rallies.