by Greg Guenthner
Daily Reckoning
The Senate quietly passed a $1.2 trillion funding package on Saturday morning to avert a partial government shutdown.
Just days earlier, Jerome Powell and the Fed soothed jittery investors, declaring that the Fed still intends to cut rates before the end of the year.
Meanwhile, you might have noticed gold and Bitcoin consolidating near their respective all-time highs.
Coincidence?
Probably not.
While you might consider the sharp moves higher in both assets to be no-brainers considering recent events, gold’s resilience in the face of numerous rally-busting pressures is where I want to focus our attention.