Looks like the shorts are taking real advantage of all the bad market news and driving hard....no doubt a lot of naked shorting as well. Anyway, the stock has over corrected here coming way back from $12 high ...which is to be expected. A lot of buyers lurk to buy in cheap here.

Today may see gold stabilize but it can still bottom at $900 and be above its moving averages technically in its bull channel upwards. Also, gold's "cup and handle" reversal noted on the week-end, had gold reversing down to anywhere from $925 to $900 before a sharp reversal up to a target of $1240. It goes without saying that the fundamentals for gold have never ever looked better. So, it stands to reason that when gold makes its reversal anywhere from later today to the end of the week....DGC will look very cheap anywhere under $10.

Don't look for gold to go up this morning for sure since Big Ben Bernanke is front and center giving his little presentation today. The manipulators will press the paper futures to make sure there is no excitement for gold and silver...their arch nemesis. Behind the scenes the weatlhy, some funds, some governments ETFs and others are steadily accumulating gold and silver....the last standing and ultimate currencies and stores of value that cannot be debased, need no counter parties and are totally unemcumbered.