That kind of supports the idea that money is moving from majors to juniors as Gold appears to be topping short term anyway.  I saw nice gains in spec stops I watch today too, but I agree that I think we will see much lower markets before we see new highs.  I am not sure 10,000 but I would not be surprised with 11,000 to 11,300.  Housing problems are not over.  The Fed has stepped in to help hedge funds, banks and investment houses, but there has been nothing done to help people (ordinary people) BUY homes, which is needed before we will reverse.  In Miami where I live, 1 out of 3 homes on the market is bank owned but the only ones the banks will sell to are people with cash, which happens to be European speculators right now.

KRY's movement counter to GOLD suggests to me that there is more interest now in buying it for the potential up moevemnt than making plays in the majors.