The paper boyz are on a mission to take out last years lows of gold 1525 and silver 26. They are counting on taking out the large number of stops placed there. There is large support around the 1550-1560 area. IF [and it's a big IF] they are successfull, we capitulate into the 1400's and low 20's for silver where they will finally be able to cover their massive shorts and load up to run things up to new highs this year. This could happen very fast and will likely be finished by month end. Option expiry coming with first settlement day next Monday could add the necessary fuel to the fire. UGH!

As much as we need/want a positive update here, timing sucks per usual. I track over 100 miners and 75% are hitting new lows daily or real close. When the turn comes things will move very last as the shorts cover and go long. Until then go for the large size rolaids.

cheers