I was sitting down with a cup-o-joe when Obama came on CNBC. Now I expected that the pattern of the last 16 years was about to be repeated. Well in the first 10 minutes of his speech, gold and silver went UP! Exactly the opposite of what I expected.

He opened his speech with the politician manner of speaking, but he said essentially that it was the fault of politicians and greedy institutions that caused this current financial catastrophe.

I am trying to wonder if Obama may really try to fix things. Being the cynical cuss that I am I was not of that opinion previously. I now actually have a shred of hope.

Of course I was curious in the hour before his speech when silver was negative yet SLV, SSRI and SLW were all up with spot silver down. My cynicism is still alive.