If you hate the government, you might as well profit from it. Gold is off to a good start this week, gaining $15 to $1325. That’s the highest since last Tuesday.

Gold is above the 100-hour and 200-hour moving averages and technically the short-term picture is upbeat. The real story is fundamentals. It’s sadly (and eerily) quiet in Washington. There is no easy path out from here and that means a good probability this stretches to Friday, at least. If we get that close to the debt ceiling, there is a serious case for gold longs on political risk.