Leading edge of the gold and silver wedge about to be pounded into the JPMs (well, the good ones). Looks today like more of the smart $ is beginning to head into the shares as the big shorts slam the bullions to get out of their shorts. With the news that Goldman is now net long, the rest of "the boys" must have jumped to get others to dump. Those already positioned, such as those who have held ECU down for so long and quietly bought in, seem to be giving the green light today. I suspect they are the same ones who have raped this stock for well over a few years....naked shorts and all. They will not be forgotten and they should well remember their paper trail crumbs Leading to their basement doors. One day they will pay...probably when ECU is multiples of today's price. By then, many probably won't give a dam...but those who have paid a huge price will.

With volatility (fear) at an extreme and all the recent action into the PMs perhaps we can be excused for being a tad optimisitc.

Can you believe the $U.S. this morning?!!! All those hundreds of billions of dollars of interbank swaps are working like H to further inflate and devalue that very same "world currency". We are all seeing more and more articles in the financial press mentioning prosecution and jail for those in the financial world and the political world responsible for this fraud fest. Simultaneously, isn't it odd that we are also seeing more and more main stream commentary on gold and silver being "safe havens". What a joke. Oh well, better late than never.

Let's hope this time we are lifiting off for good.