And speaking of POG volatility, years ago Peter Schiff said something like, 'when this thing (the manic phase) gets going, there'll be hundred dollar daily swings in the gold price." Well, that hasn't happened yet, nor is there any indication that the percentage of gold and gold equities held by institutional managers is now more than 1% of their total holdings. However, I sense that all this is going to change, and soon. Last week Cramer shouted out,, "Buy GLD!"