"Right how we are seeing a major catch up going for undervalued asset based companies in the precious metals space. This part of the up tick could surprise even rabid bulls [emphasis added]. Some more speculative companies that had been strong gainers appear to be flagging because of this, but that won’t be permanent. Speculative gains should be moved to companies with more solid outlines, but as the asset based companies get closer to full price funds will flow back to specs.

If you are a trader, the shift from one play to the next could get dizzying. If you aren’t, then view this as a “stay the course” moment for precious metals. Expect some significant pull backs as traders take gains, but these will be in the context of a rising market for some while yet."

http://www.kitco.com/ind/Coffin/coffin_oct152009.html

I have notice a lot of SOB's* cropping up lately but I am not getting shaken out here...strapping in...

* Sold Out Bulls