At the margin of this sickening up and down play of POG and POS by the bullion banks, we should realize that the fundamentals of most gold and silver miners must have improved considerably as compared to the third quarter of 2008.

Mining costs must have gone down substantially due to collapsing energy prices and it must be also be much easier and cheaper to get hold of mining equipment these days as compared to a year ago.

We are probably going to see much better 4th quarter results for most producing miners even at today's gold and silverprices, which anyway in most currencies are not far from the top.