It's what we are. Perhaps with the BS ECB rate decision earlier today, we can begin to move higher. I'm still tentative, however. Its Thursday. Lots of pain inflicted on Thursdays past.
The gold-crude coupling has wiggled some this week and that's good. We don't want gold and crude tied at the hip for too long. Gold is money, a store of wealth. Crude oil is a natural resource, a commodity. They should not trade together. That said, I still feel we should keep a very close eye on crude here. The chart looks like it wants to roll toward $110. I hope it does...I've got some May 110 calls that I need to get out of before they expire. However, as you can see below, crude is stuck in a range just like the PMs. I doubt that it can rollover toward the bottom of the range and not drag the PMs down with it.
More later. Have a great day! TF