Interesting discrepancy between gold futures and spot prices. Interesting that two of the best performing stocks on the TSX, way beyond the amount of the regular shares, were Silver Wheaton and Kinross Warrants.

My take: Some people were really caught off balance today, expecting yet another miracle bailout. They didn't even have plan #2 worked out. Spot market wasn't expecting a dramatic move. Futures market is looking forward, and saying that in December there is no question that gold will be worth a lot more.

I've also noticed that it takes the market a couple days to react sometimes -one to liquidate assets, and the next to react by purchasing. Easiest thing to do: buy a warrant short term, because it offers you leverage. You can find a better way to buy gold tomorrow.

I think tomorrow may be a $1000.00 gold.

Course maybe I'm just an optimist! (with a lot of gold shares)

MR