Buffet summarizes it best: "Our approach is very much profiting from lack of change rather than from change".

There are bear markets and bull markets for good reasons. The nice part is we don't need to delve too much into the why of the movement to profit from it.

I personally think that divergence on a chart in agreement w/ one's believe system/opinion has killed more traders than cigarettes and booze combined.

As gold slips below the waves and the volume and volatility dry up it could be a fine market to sell rallies in over and over.