Gold and silver have been absolutely resilient. My short position on Gold has done absolutely nothing these past couple of weeks (-0.76%). Silver continues to rip and is the preferred commodity over gold--at least to me it is.

I've been really keeping a close eye on AEM and I would love to have it @ $62/share but it could rally from here and I may jump in on it later on today. There is limited down side to the stock.

My positions: VALE, SCCO, and short GLD