my feeling is that the baby is being thrown out....and there is still some selling going on, aka deleveraging, by the hedge funds from areas that have made them money this year..., read: PMs. So once they finish this you'll begin to see a rise in the metals and then the seniors and then the juniors.....think some decent levels in near term, but the real sweetness of the nectar sill 18-24 months away....I actually think about 48 months away, where, if ECU were not bought out, you'll see it trading parabolically to where it is today. You have to wait for it....with ultimate patience....and accumulate if possible.