Gold Daily and Silver Weekly Charts

There was a really nice push up into resistance today.

Next week could be dicey unless there is some settlement in the European debt situation.

SP 500 and NDX Futures Daily Charts

There were additional rumours of the Facebook IPO coming out next week. If that happens the Street will probably prop the major markets in order to get it priced and out the door.

The market was wobbly today, with a late push in the financials failing to turn the markets green.

Gold Daily and Silver Weekly Charts - Consolidation (With a Slight Return)

We had the expected consolidation in the metals today after a spectacular rally run off the artificial hammering they took in December.

Flat now in the trading books at least, and waiting to see what happens next. I would like to see another day or two of gains consolidation with a little retrace, and then a gap and a leg higher.

But let's see what happens first. The market will always be there.

SP 500 and NDX Futures Daily Charts - Said the Joker to the Thief

4Q 2011 Advance GDP is out tomorrow morning.

The selling today had little volume behind it, and it looked more like a consolidation than a top, at least so far.

I'm flat the market now, and waiting to see what happens next.