All this political silliness in Washington is causing uncertainty and markets are extremely adverse to uncertainty. With that factor and added Canadian long weekend many traders have opted to stay on the sidelines until things settle down. Having two Asian/European trading days and one U.S trading day before we re-open is just too long to be "out of the loop".

Even if we were open, again all this silliness is very distracting and some form of very positive announcement could well go virtually un-noticed.

Most pundits predict that Tuesday will see a deal done and the world can start working itself back to normal. I would expect that movement toward normal might see a slight easing of gold prices but we could still be in for 1500 plus gold for the long term. That makes projects with Economic assessments based on 1050 gold look pretty good.

For the moment we can't do anything so might as well kick back on the back deck and support our U.S. brethren by consuming a few Budweisers.

Onward and Upward