Gold Gets Rolled

Good morning, and welcome to a new trading week. With the /ES up 0.07% and the /NQ up 0.03% as I am typing these words, it isn't exactly an edge-of-your-seat opening. The only movement of note is with gold, which has had almost $90 blasted off of its shiny hide.

As fond as I am of gold, I'm pleased to see this, not only because I predicted it, but becaus…