From a technical standpoint, I am looking for a double-bottom on a WEEKLY closing basis with many of the gold stocks, from the early September lows that corresponded with $730/oz gold.

Fundamentally, we could see a surprise rate cut this week, which would propel stocks out of their crash-mode, while the inflationary implications could move gold back toward the 900's. If the FED does it this week, this could prove to mark that double-bottom in many of the metals stocks I follow.

Of course, the way things have been going, a surprise rate cut will probably send the DOW to 15,000... gold will sell off to $500... all the mining companies will declare bankruptcy... and I will move to Mexico and sip Coronas for the rest of my days.

Either way, I win!

Hysteria