Today’s jobs report for September showed a decrease in monthly gains, with 263,000 new jobs added last month, a decline from the prior month in which 315,000 new jobs were added.

There is an adage when investigating a crime that says to “follow the money”. In the same way, when investigating where gold prices will be headed short-term it is wise to follow the upcoming reports.

We have seen the gold prices move up approximately $100 since the low that came in last Wednesday. As we spoke about on yesterday's show, we will look to enter a long position in December gold on a dip.