Fourth Quarter 2011, the easy part is behind us

The rally from 1074 to 1233 on the S&P 500 was a piece of cake.  Now the hard part is facing all of us.  The market appears to want to move into the bigger range that includes runs to the 1265 to 1275 area at the moment.  We are basically on the sideline in stocks and watching.

On the other hand our short gold position has our attention.  It will be big when it happens and will be most likely related to actions of the Super Congressional Deficit Reduction Commission.