I agree Pic, but I'll bet there are a huge number of longs who bought yesterday, got smoked today, and won't be too anxious to get back in for a while...gold and silver I mean, as well as HUI stocks. They will likely miss most of the next leg up.

I'd also bet that the chief of everything has the PPT plugged in to one side, and the morgue trading desk plugged into the other, to greatly reduce the lines of communication. Much better than that inept little piker who preceeded him. And "better" is, of course, a relative reference.

All hail King jamie, and vote as directed, or its off to Guantanamo with you.

N