The half full side is the decent rally given the news back drop of IMF gold sales. The half empty side is that crude oil makes a new high and gold is still 10% off its high. Gold and oil have had a strong correlation. I am undecided, so the appropiate cliche is: "when in doubt, get out."
Elsewhere, I was tempted to buy BA on Tuesday, but got cold feet in front of the news. The delay on the 787 Dreamliner was already in the stock, and the news that current year estimates would hold sent the stock up. Volatility drained out of the options after the announcement.
Positions: long MON hedged
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