I know of some buying and selling over this last week. Some seem to think it's all NY related. I doubt it, as I know one guy with a large position got into the dreaded over margined position in a 6 week declining precious metal market. Close to a million shares latter, the noose was off the neck.

Nice recovery in the metals markets this morning. I see James Turk is calling for a huge summer rally in the metal prices. Who knows, but for sure it will be interesting.