Sorry to hear Klaus but im in the same boat and just coming back to even now. Im pretty scared of this market because Joe average doesnt know about it yet. If i had to guess he is on vacation and doesnt listen to the news because we have had virtually no one coming in to off load their equity at the bank and on average the public is oblivious.

I dont think that it is to farfetched that the psycology of the markets is what could melt us down this time. With the images of 2008 freash in many minds it wont take long for the baby boomers to jump ship to save what is left of their egg and as we break technical supports as we saw today algorythums kick in to send us even lower.

My personal opinion is that venture capital isnt coming back anytime soon for the smaller mines and the lack of liquidity and asset base is good for heart burn but thats about it.

Untill this market settles down ill sit on my GLD and SLV LEAPS and cash because i have already found trying to pick a bottom in this hurts.