Thanks GWR and Pic - For some reason I had June 29th stick in my feeble brain for options expiry. The smackdown now makes more sense to me than just the FOMC meeting. I guess we are in trouble until Thursday now.

Some interesting news in MIDAS today was the snippet on pm porn:

"Sunday Precious Metals Porn...

The massive bull continuation pattern on silver bullion has a target of around $30-33, and gold could easily leap to $1700 while that occurs - Stewart Thomson, http://www.gracelandupdates.com/.

Couldn't have said it better myself. I thought the silver bulls out there might enjoy this centerfold picture:

NEXT TIME, which may be not far off, it's up, up, and away when silver breaks through that key level."