the sequester is coming!

"There are plenty of U.S. political speed bumps on the near-term horizon, including the upcoming so-called “sequester” in which automatic spending cuts will kick in on March 1, which could offer fundamental support to gold. The sequester would slash $85 billion from U.S. government spending in 2013 "

"Ultimately, sequester could be a trigger for a stock market set-back and would have an overall negative impact on U.S. economic growth, which will keep the U.S. Federal Reserve on its accommodative path. "

http://www.forbes.com/sites/kitconews/2013/02/11/technical-trading-gold-breaks-out-of-wedge-but-sequester-looms/