Recent action in gold indicates that there is solid price support at the recent low of $1215. On a technical basis, there are two major patterns identified that confirm this assumption and market model.

After taking a short breather, U.S. equities regained favor today with the Dow Jones and Standard & Poor’s 500 closing fractionally higher on the day.

What do you get when political actions occur which result in steadfast denials from one camp and a lynch mob from the other? When these things happen, you get days like this.