GOLDBUGS AMEX Goldbugs Index (GOLD)

[Montanore]

The market has been tossing a lot of curve balls lately. It can stay irrational longer than I can stay solvent.

I never would have thought we'd see such a rise in October given all the bad economic news. All it took was for some rumor that China would buy European bonds (now why would they do that?) and the market would go up over 200 points. They've trotted that rumor out a couple of times now.

Silver and gold have mostly been suppressed, of course...they're not allowed to participate in such a rise.

The question now is...is it all a bull trap? Will the market crash back down from here? Will the PPT flip the switch and send the market back down? Will they trap the bears? Will gold and silver be taken back down in the deflationary spiral or will they separate themselves from the market? Every time I'm sure I know the answers to these questions I get shellacked.