I talked about SPX under 1000 a few months ago - it finally broke down to the 1200's today. What I liked is seeing SPX down, but KXL - UP!

Here is a Bloomberg article on it

I'm still saying - the subprime thing is absolutely huge - but as it ratchets down down up down down up, KXL will STILL be a great, great gold play.

By the way - here is one on-the-quiet behind-the-scenes reason that I see the subprime thing so huge - secret swaps of crappy mortgages for cash at the Fed's secretive "TAF" window.

If the markets keep operating, KXL will look better and better.