Back in at $1.20 after selling some at $1.60. I have the whole position back but more cash left over for dip buying, if the shorts attack to $1.10. If Kimber runs past $1.30 with any kind of volume, it's time to simply buy.

Watch the silver price. I think after this cleanout, we are getting ready for a move in silver that will dramatically outperform gold, while gold continues to rock. I will be shocked if the bottom has been reached already, but only because of all my scars. Very surprised at the strength of today's comeback. On Thursday, I thought this pullback would be brief, but NOT THIS BRIEF. Should have lasted more than a week in my book.

Are the bullion banks buying back their positions? Has their hail Mary play failed? Are they out of time and downs? STAY TUNED!