Overnight we should have ducked into Our Lady of Blessed Acceleration for intervention, divine or otherwise, as gold prices staggered in an $8 buck range revealing time worn and grey players on the field failing to grip the generous slather of coarse and shameless events being shoveled on us that perhaps in some quarters are beginning to incite forceful contention. The recitation of the facts is hardly a call to arms but we shall specify that the GSR remains unchanged ~44.70, that open interest for gold rose a couple of thousand, that RSI remains unchanged ~56, and that option vols continue to plumb unfathomable lows. So today let us remain in fighting trim whether called or not as Sun Tzu reminds us that knowing the deception of when to engage or not is a clear route for ones advantage. Today: We patiently work to achieve the lower $1380s.
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