Gold

Gold was interesting today. The Dollar made new lows and acted really poorly across the board. This fired up Crude and Copper which had started the day lower.... and Gold just sat there. Elliot Wave suggest we are in a 4th wave triangle, which implies one more sharp move higher to a 5th wave high, and the conclusion of the up move. Maybe so; I have always found that to be one of the more reliable Elliot patterns. However, gold's 'go nowhere' attitude today reeked of a market that has all its buyers in (at least for the short term).