Highs

looking for resistance at 1680.50 but a poke above would satisfy the bulls for some profit taking.
Doing some wave counts it is possible if resistance is found there we could revert down to the 1625 area short term.

Super fast

down $10 already- taking 70% off - riding rest with b/e stop

Gold Short here

Shorting Gold here 1263

Interesting- I still have Gold resistance at 1460

http://finance.yahoo.com/blogs/daily-ticker/don-t-fooled-sell-gold-1-400-then-113216641.html

1601 mentioned in play

1601 mentioned yesterday is in play- 50EMA with fund managers end of quarter window dressing

Bounce in Effect

Bounce in effect due to window dressing in to the end of quarter. Money managers favorite game in deed. look for a test into the 50ema line for resistance with is still 1601.

FED

Gold and silver crushed because of the FED news- I find it so funny but people don't understand this market upmelt is all because the FD is in the marketplace supplying huge load of cash. Cash is not endless and when the FED starts pulling away the candy like it hinted at yesterday all the bricks will fall once again.
Folks loading up like everything is ok, oh yep right!! watch the FED, they are the key to all of this as I have said numerous amount of times.