I don't understand those who say Gold is getting whacked when its trading over 850!!! and Silver over 14.00

It's the same story as before. Gold goes up in Asia, then gets knocked down in London & NY. These point moves, as big as they seem, are not that huge on a percentage basis - at least not in terms of what we've come to expect.

The question to ask then is, what's changed? Has the US suddenly emerged from its financial crisis, stonger than ever and ready to take on the world? NOT!

Are they suddenly printing less money and mopping up the excess dollars sloshing around the world? NOT!

Have all the little bear cubs come down from their trees and are now frolicking gaily in the meadow? I don't think so. Not this cub.

I'll bet we consolidate around 900-930, but even if we test the recent lows, or even the intermediate lows, are we now in a bear market for real money?

That last one answers itself, doesn't it?

ebear