Sthgold keep some powder dry. MF Globals and more to follow will cause extreme volitility going forward and unwarranted margin calls selling good with the bad. The level to watch of 1.58 was broken today with more volume and it went as low as 1.56. Watch the 1.56 level and compare the volumes at that level with today's volume on a daily weekly and monthly basis. If we hit 1.56 again on less volume the risk reward at this level becomes very attractive. There should be no more funds or individuals out there that would need to liquidate anywhere close to the shares traded today. So focus on the low today and watch the volumes closely. Today is a capitulation event that should be difficult to break the new floor of 1.56.