The McEwen Junior Gold Index ( http://www.mcewencapital.com/ ) chart shows something positive. It overtook the DOW last Nov. and has almost reached the XAU in a slowly rising uptrend. It still has a way to go to catch up to gold…but heading in that direction.

All the “stuff “on JPM must surely be wrankling to everyone today. I understand the bonuses at Morgan Stanly today, in the billions, make up half of their annual profits.

Between Martin Armstrong and Dennis Gartman and the painted techincals and inflation and QE and China’s great GDP numbers today and Brazil raising interest rates and JPM trashing the PMs and the wonder of the $US and VHF’s posting on the naked shorts in the PM sector….there is a lot to think about.

Pic should be along soon and he will not be amused. Will we get Armstrong’s monthly close above $1372 or below?

Have a good day all.