Update 3/14/12

Sold GLD yesterday for a small gain. Gold and precious metals weak today on the rise in interest rates. PM's don't pay interest so they are vulnerable to higher rates. Currencys like higher rates also.

Citi broke above the recent range yesterday. If it holds it will be a good sign for the markets in general.
Natural resources strong despite the interest rate rise and China news today.

Bot some CLF a couple days ago. Also look at JJG.....
Steel is looking interesting intraday. Support may hold at the previous resistance.

And finally some interesting and violent rallies intraday in UNG. I am looking for a break above $18.50............

Some charts:

And interest rates finally broke to the upside. This could go a long way.

But as always, take what you get.
Control risk.............

gh