It's pretty obvious at this moment this a.m. that the markets are starting to unravel all over the globe.
If the EE or whomever does not turn back the tide today given all the news that is coming out and what's lying ahead (U.S. debt ceiling) then I think they will have lost the skirmish line and were headed to that next level in the PM prices.
I see today and this week as make it or break for the EE in the medium term.
All of the major U.S. market movers have to be seriously considering what took place in Italy last night with the forced naked short covering. We might just see a run for the hills mentality on the EE side at some point soon but not before a serious attack. There is no way they are going to let the prices run up with interference by them.