We are rolling and our bottoms are looking more secure than ever. Let's just keep it up for another 90 minutes or so. If you want something to pull for, watch March silver very closely. A close above $27.80 and we'll have ourselves and UPward outside reversal day and that would be a very big deal. It would almost ensure that last evening saw the low and mean that, though a near re-test was still possible, even that becomes unlikely. Here are your mid-session charts.

Again, a close above 27.80 and a move UP early next week through 28 and we can all breathe a sigh of relief and begin to get very excited. Here's gold, which sure looks a lot better than it did earlier:

Copper has backed off but crude is up almost $4! Its as though the world has awakened to the possibility of revolution in Egypt. Recall that I mentioned last night the The Muslim Brotherhood is now getting behind the "movement". This likely spells doom for the Mubarek government. It also means that the next government will be Islamic law-based, not the current secular dictatorship. Without condoning either, you must understand the implications of this for peace in the Middle East and traffic through the Suez Canal (which is apparently what the crude pit is worried about).
That said, if anyone tries to turn this thread into a pro or anti Israel slugfest, your comments will be deleted. This is my blog and I make the rules. If you want to argue incessantly about Arab-Israeli-US relations, head back to ZeroHedge. Lots of willing accomplices there for you to "discuss" things with.
More after the close. watch $27.80 very, very closely and pray like MCHammer. TF