RE:Back to my point The PMs held up reasoably well today. The PMs are ususally sold for cash to cover margin calls when stocks crater. The US stock market indices ended sharply in the red today despite Japan's reversal on rate increases. This should convince investors that the bubbles are bursting and we should get more follow through selling in the coming days. That's a good thing for the PMs as they are the safe havens, if the markets nosedive then the Fed will try to rescue the economy with QE. Buckle up.