A modest rally target at 1681.50 is still the only game in town, and I’m not even going to reproduce a chart that shows it today, since we’ve already done that to death. The ostensibly bullish dirge is to be expected, since gold has hitched its wagon to a stock market that, while headed predictably higher, is so lacking in energy and inspiration as to be incapable of gaining more than an inch or two per day. This being a Friday, and current price action comprising little more than dueling pansies, I’ll offer you nothing bold.
