Gold Update

Gold has got a lot of people all excited. Any up tick and they pronounce here we go as always ignoring everything else in the world. The Daily Bullish were initially elected from the June 28th low up to 135000. But the next area of Daily Bullish Reversals stands at 144450, 146150, and 147750. We need a weekly closing ABOVE 142400 to suggest we have anything sustainable.

We see that the array implies we will be increasing in volatility the last week of September. This is likely to be going into the potential government shut down unless Boehner can successfully sell-out his own party.