The seniors doing nicely this morning in pre market trading, most up .20 to .80+ cents. Nothing spectacular but a sharp reversal from yesterday morning.

Though it's still early, it's nice to see the grip of the cartel apparently not as strong and long lasting as it used to be. One day down and maybe that's it? Gene Arensberg warned yesterday to expect a clobbering, since the cartel was holding record short positions in gold. But if they can't do much better than yesterday, then they've got real problems.

I guess the boys are gathering for the meeting. Wish I was there.