Great to see the volatility today, as long as you did not get hurt. Gold needs to blow off some steam. But this leads to a couple of possible futures.

1. Once the crisis in Europe fades from attention and we get back on the slow-motion- trainwreck of the US, the US dollar comes back down and gold back up to re-attack the August high.

2. Oil stays down due to glut and US economic backslide into clear recession. Lowers cost of production for Tyhee.

3. Insecurity over recession makes permit that much more favorable.

So we have seen two x $100 down days, and still have not seen our first $100 up day. That day will come.

SKELLIG