Gold has gone sharply down below 900.  Already I feel better, although it puts my SLV nibble in the red.

I held off buying because I thought GLD showed more strengths on its down side moves – but recently I was just wondering if I was wrong after all and whether it was making a solid base at around 900-920.  Good thing I held off. That plunge down was sharp and shows that the corrective thrust is stronger than the upthrust still.

The propaganda effort on behalf of the fiat money regime started up last week and this latest onslaught by General Bernanke has the market up and  sentiment more optimistic.  So some faithless money is finding its way back into equities.