In the PM market, still a ton of disbeliever's right now, at least in U.S. market. I would guess most new buying coming from overseas. China number's &Japanese inflation number's last night did not hurt. Dow in pretty much the same position. I can't remember a time when a dow rally was met with so much pessimism! With so many hoping for a pull back to play a "dip". My guess------When/ if a correction comes before years end it will be a lot more serious than anticipated. And it will follow only after the last bear has covered & after a blow-off top. Will any dump include lower PM prices? That's the only question in my mind. It's entirely possible that whatever the reason/headline that sink's the dow also create's a safe haven move to PM. With Old relationship's re-visited! In any event HL still has ton's of leverage to higher SLV & GLD prices regardless of any hedging program's now in place. It's my conviction this last year or two of austerity measures accompanied with lower PM prices is greatly under appreciated by the street. Adding & developing those properties could result in some really nice bottom line number' suprises over the next 12mo.-without a :"moon shot" move in PM's!