One event could bounce gold to $1,400 at any time. Paper trading is keeping it depressed in spite of the U.S. continuing to print more paper currency with no real backing behind it.
Hey NY, what direction are you playing, west, east, south or north? I say buy at 1240-1241, sell at 45-47, with a stop at 39, keep that routine going until the sucker decides to break out of that range. Simple as that. ;)