Seems to be in a range, that is gradually getting narrower and narrower. That often is the prelude to a more definitive move one way or the other. If I were guessing, I'd say up. The trigger, QE3.Next up, gold (through GLD):
As soon as I gave the all-clear, gaps a many showed up, meaning either they close (and we get a pretty well-defined head and shoulders), or the conventional wisdom gets thrown out the window and the move up is ready. Again, I think QE3 is coming, which makes me err to the upside.
