As far as Zero Hedge is concerned I go there because they get a lot of the stories first.I take their slant on them with a grain of salt. I think a lot of what they report is erroneous.

What I find curious is how the CME can explain raising margins in a free fall market with a straight face. I don't use margins so I see it as a potential gift of lower prices.

I must admit that I was not expecting such a big fall in the PM's. I reacted to it by stepping out of half my position on Wednesday and getting back most of it on Friday. When a MAC truck is coming at you it is best to get off the sidewalk for a while. I got hurt but not as bad as it could have been. Just part of the game.

As far as silver is concerned all I read is saying that the physical demand is still extremely strong and the fall is paper driven again.

I expect it is almost over for the PM's now and some of the PM stocks already cheap are screaming bargains now.

The general market is not looking good though.