Whereas my pm investments were a great help in an otherwise dismal day, I would caution that one big day does not a trend make. Let's see some long-legged follow through. I've seen euphoria quickly crushed in the junior resource arena so many times, that I frankly find it difficult to believe it won't happen again.

After listening to Don Coxe today, I may flip a few more option positions into gold and out of tech, etc. I hate to sell off some stuff like CLFs at significant loss, but wow, I don't see much future for the base metals in the next few months. Coxe, who is conflicted due to his resource funds, but still is great, thinks if the Euros could get their act together the market would be jumping for joy and jumping way up. I don't know if the Euros can get their act together, I'm pretty sure we in the U.S. can't.

I did think it was a great sign that the HUI stayed stubbornly high all day, so many times in the past, it would spike, stay elevated for a good amount of time, and then be dragged down in the last hour and a half of trading. Today, it hung around.