so, prostrate before all, I must no doubt make amends for calling out Dennis Gartman yesterday. Mea culpa. He was right, gold and silver are the place to be now. He fooled us all....well, me anyway.

But wait a minute, I say to myself, why does BNN seem to have a mandate this morning to create doubt about gold. With the "gold down" price on the screen, the pundits wanted to know why gold wasn't taking off now that QE3 was announced and after all, Eric Sprott said it would. Then we note that some are worried abotu the price already being 'priced in'...and it is overbought...and re Ed Steer, concerns about the huge shorts on silver...were they indeed increased again by JPM? Is there yet another planned dump?

Too make matters even worse, all the junk comes out on AUM this morning.

I appears a struggle is on today too keep gold and silver pinned down yet again. You know, with all that new paper out there it appears paper is still the hammer.

On the other hand the PM/JP stocks are generally performiing well.