Right now everything is in a state of "hold your breath". This seems particularly true of Fridays recently. Anecdotally I attribute it to people's fear of the unknown over the course of a weekend.

All it takes is for some major policy initiative that can send things in a new direction and then the Asian markets become the first indicator and who knows what Monday will bring.

If gold crosses 800.00 and shows some stability I suspect someone with not necessarily real deep pockets may elect to take a decent position which could start the upswing.

At least with some green lights blinking the "marketwatching" is a little more interesting which is different than the "red light alarming" we have all experienced is recent months.

Onward and Upward