FISCAL CLIFF RESOLVED, BUT SUPER CLIFF AHEAD $GLD $SLV $TBT $AAPL $QQQ $SPY $GDX
Our prediction that the fiscal cliff would be resolved has turned out to be partially right. It is important not to get carried away with optimism because only one part of the three-part puzzle has been addressed. The three parts are: taxes, spending and the debt ceiling. The fiscal-cliff deal only partially addresses taxes and totally kicks the can down the road on spending and debt ceiling. Republicans are on the record as ready to put up a stiff fight on spending and debt-ceiling issues. Democrats are on the record saying that they are still going to try to further