Half hour to go. Dow is up 20 points. Was down 40 earlier today. Not a lot of volume and the internals are even. Gold up around a buck, with the XAU up around a point and NEM up a little too. Another nothing day in the market, really. Possibly getting to a slight oversold reading but not one with any real conviction. And so we drift around aimlessly, in a sea of uncertainty. Waiting for June 30th with the Fed and the turnover of power in Iraq. Now will these events prove to be market movers? Don't know. Earnings are due to start coming out soon. Perhaps that will propel us one way or another. Maybe today is a reversal, being down over 40 points at one point and now reversing to be up. But my feeling is more sideways action for now. I would like to see gold come back so I may initiate a long position. But that may not happen either. It's tough to sit on the sidelines but patience and discipline are sometimes well rewarded. But at this rate it could be a looooong summer...