Blow Out Bottoms

To my mind, todays Macro action in Gold and T-Bonds is a classic blowout of stops before a powerful upside move.

Oil is still a short as a combination of high supply and weak demand are the major influences.

Stocks are just biding time at a top area until the Washington issues become known (Health Care, Taxes, infrastructure).

The consumer is key and the real numbers show they are on hold, adding to savings.