The big caps I follow are getting bombed heavily in pre market trading this morning.

Just might fit in with Gene Arensberg's piece the other day that cautioned us with "This past week saw the largest one-week increase in the net short positioning by the commercials since the December 16, 2008, report, when they clobbered the gold market with an increase of 28,239 net short contracts as gold was in the $850s. That action did result in a (modest) pullback for gold, but not really for all that long a time, by the way. " Obviously, he's looking for a possible try by the cartel to take us down.

Arensberg's post was in an alert from GATA and is at:

http://www.stockhouse.com/Columnists...