Next week is March options expiration for gold and silver on the Comex.
US equities are looking fully valued and entering bubble territory fueled by Benny's handouts to the banks. Thin volumes and short holding times in markets where price is set at the margin by the last transaction is a setup for a flash crash.
Watch VIX and try not to get out in front, but perhaps its time to take out some insurance and bring in some profits.
On the global front, the Arab unrest is spreading amongst the oil dictators and western client state regimes.
Remarkable that, outside of Iceland and Greece, the put upon people of the West seem to be very quiet. In particular the people of Ireland are surprising in their acceptance of a new form of tyranny, not by the gun and the jackboot, but by the pen and the ledger book, and of course the cooperation of local political corruption.
