"...In NY, the DJIA (-369.88 -3.58% to 9955.50), S&P 500 (-42.34 -3.85 to 1056.89) and NASDAQ Composite (-84.43 -4.34% to 1862.96) were crushed. The Toronto Composite (-572.92 -5.30% to 10230.43) and Venture Board (-166.13 12.78% to 1134.10) fared worse; in fact, I believe the high risk-takers on the Venture Board capitulated, which may be a cycle bottom signal."

"..$GOLD futures, however, were up from 833.20 on Friday morning to 857.5 at 8:30am ET, closing at +$33.00/oz at 866.20. These contracts are soaring because traders who are not in debt to bankers are hedging this crisis with purchases of gold, and they cannot buy the physicals because the banks have literally stopped selling, which I see as an indication precious metal prices are going higher."