This market has seen continuous rotation, with the exception of the lagging banks which could play catch-up at some point. Gold has been a headline in recent weeks and Scott has been all over it. At this time though, it seems clear that short term it needs to blow off some steam. Short around 120-120.50 for a move down to the 117 area. In terms of the macro move, GLD may have more room, but we see a good quick trade in the short term..