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<p>[QUOTE=&quot;nightowl, post: 758336, member: 18614&quot;]I think this may very well be the bottom. The prognosticators are amazed that ETFs aren&#039;t all selling in a panic (as they would have in the past). I predict that many of those ETF acquisitions are long term holders....and that many of the old rules are &quot;off the table&quot; given a new class of investors. Personally....if I lost my butt on stocks, the LAST thing I would accept is &quot;paper gold&quot;. </p><p><br /></p><p>The guys who have been around this stuff a lot longer than I have may have the last laugh at my expense if I&#039;m wrong, but <i>nothing</i> has changed in the fundamentals that drive PM prices up. The dollar is still weak...and will continue to be weak. Out of control spending continues, banks aren&#039;t lending, which to me suggests that they aren&#039;t nearly as solvent as they would like you to believe. The stocks may move up a bit here and there, but people are finding a place where they can get out (where their losses are easier to swallow)...and they are getting out. </p><p><br /></p><p>New players...new rules.</p><p><br /></p><p>At this level for awhile...or trending up again from this point is my guess. And yes...it&#039;s just a guess. I thought when the unemployment numbers were released that the dip would be short and shallow. We&#039;ll see what happens. I don&#039;t intend to sell anytime in the near future, but it&#039;s interesting to watch just the same.</p><p><br /></p><p>Nightowl[/QUOTE]</p><p><br /></p>

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