GCZ13 – December Gold (Last:1339.50)

Index futures are getting shaken down Sunday night as DaBoyz feign fear over the impending government shutdown.  Gold, on the other hand, trading a dime above Friday’s settlement price, is providing a calmer and probably more accurate, read on the likely outcome of Capitol Hill’s Punch-and-Judy show — i.e., nada.  For now, the benchmarks that I gave here earlier still obtain.  That means an impulsive thrust below 1272.50 would turn the weekly chart bearish, but that a print above 1353.7o would put bulls back in charge for a possible run-up to 1453.00.