Markets hesitate.

Gold

Gold has clearly ended its correction on the first of May, as it broke above 1,600 on heavy volume. Since then it has tried to rally, but it is sold beck to the 1,620 level. It is said that Buyers are waiting to see what the ECB and the FED will do.

Contrast this to the DOW. It, too broke out and yesterday it added almost 300 points. But, it did so on relatively small volume. Investers expect the FED to print (along with the ECB), which will raise equity prices. Ironically, the FED won't print unless some further bad news, like a weak Market signal.