I agree Scoutaz, the precious metals could fly here and now for a variety of reasons. I see many more reasons to go higher than lower with the COT being the stongest downside driver, but to me money players have the bullion banks right where they need them to force covering like in 2005/6. I hope the money doesn't let them off the hook although somehow I suspect they have covered their risk in derivatives to some unsuspecting fools like with credit default swaps fiasco etc. Big Wallstreet banks have the implicit backing of the US government as demonstrated only so clearly over the last 18 months. All of us could make money like Goldman and JPM if we had the same can't lose backing. Of course the real question is how much longer is the backing of the US governement going to mean what it used too and I for one never thought I would see the day this was even questioned let alone being debated openly on the world stage by high ranking officials of governemnts and other serious and sinificant authorities. How the world turns and mighty can fall or at least trip badly.