So the SPX seems to be churning, what do you think, a volatility play? or follow the momementum when it breaks out?
Tiger, taking out the March lows is quite a predicition. If economic indicators continue to show improvements, why would the mentality change so drastically and send the market to below march levels?
IMO, gold continues to rally to at least $1,500 purely based on momentum and market speculation. At some point a danger signal will be apparent and will retreat.