We tend to overtrade and over-analyze bullion, especially in the chat room, but if you meditate for a moment on the August futures’ daily chart, you’ll see that there’s not much going on.  In fact, gold is trading almost exactly where it was back in February, notwithstanding some less-than-mellow ups and downs in-between.  My gut feeling is that bullion quotes could hang out for quite  while longer — and I don’t mean for just a few more weeks — before they blast off for outer space. In that regard, gold is not a particularly good trading vehicle right now in comparison to other tradable issues that have been trending strongly, such as bonds, currencies and crude.  My suggestion to anyone too wrapped up in bullion’s hourly price movements would be to get out and see the world, in a manner of speaking; otherwise, you’re liable to start imagining things.