I think everyone is in a holding pattern here and will be until the ink is dry on the bailout.

Two interesting personal stories from this week:

1) I was buying some bullion at the downtown Scotia precious metals desk (Calgary) and a young woman was there with her 1 year old baby in tow and bought a 1000 oz bar of silver (70 pounds!) and stowed it in her stroller for transport home. Wowsers.

2) My broker suggested that the currency traders are the smartest guys in the room and may have factored in a lot of the current downside into the USD already. I balked of course, but it's another opinion that is worth considering. The propensity of the international markets to buy up the US debt will be the key story moving forward to influence the USD up, or down. The printing presses are warmed up..question is, how long and hard will they be run?