For all of the opaque tedium we experienced yesterday in the broad averages, bullion went transparently nuts — ostensibly over the m-o-m-e-n-t-o-u-s and life-saving announcement of $800B (give or take) worth of QEII in the offing.  The final bull’s-rush at the end of the session recouped about half of the day’s big loss, but fans of the yellow metal will be pleased to hear that all of the hysteria changed nothing in the immediate forecast, which remains bullish.  A midpoint resistance at 1371.60 is still the number to beat, and a close above it would portend more upside to at least 1406.70.  Night owls will not be able to bottom-fish the midpoint of yesterdays high-low-recovery high ‘abc’, since the pattern is just too gnarly. Nor will the lesser patterns work for boarding a ‘camo’ uptrend, since the one in progress as of around 7 p.m. Eastern has already used up the supply of ‘look-to-the-left’ peaks that conduce impulse legs.