Seems no matter what the indicators, we all remain tentative and confused, and no wonder. Besides all the great technical and fundamental indicators, we are left to struggle with guesstimating what the market manipulators are up to on any given day and just how cocky or desperate tey may be. Their impact can mess up all of the indicators and throw everthing out of whack.

Then we can be confronted with double indemnity factors such as a sudden shock or say, a panic-forced move behind the scenes for which we have had no warning whatsoever. Today, we have Ben Bernanke on display and Obama meeting with Gordon Brown, arch enemy of gold (and much the worse off for it.) So, we are left with all this to navel gaze about this plus many other factors such as market psychology and astrology. One thing we know for certain is that all predictive stances require courage and the ability to take it on the chin.

Here's a crazy thought. Maybe the Cartel's plan is for the DOW to go to 1000 so they can say that the DOW and gold ratio hit the historic 1/1 ratio and then the markets can all normalize again. Well, I think they are desperate enough for anything. More than likely the end gamis for a gold backed basket of currencies somewhere down the road.

I the meanwhile I remain a "guesser" and I am guessing we will see a nice turnaround for the yellow relic sometime this week. I await my fate in the Town Square if that is not the case.