Unemployment is still elevated, and house prices are still going down.

The patterns carved out during the past several sessions strongly suggest corrections are ending and new uplegs about to emerge in gold and silver.

Over in Japan, they injected another 21 trillion yen into their economy.

The Bank of Japan poured a record amount of cash into the financial system and doubled the size of its asset-purchase program to shield the economy from the effects of the nation’s strongest earthquake on record.

Is the Great Correction over?

If the US dollar (DXY) remains under pressure, precious metals could be a major beneficiary.

Companies and households typically deal with excessive debt by defaulting; countries overwhelmingly usually deal with excessive debt by inflating it away.

As traders, we face asymmetrically risk every single day.

Remember, Japan, Europe and America all depend on low interest rates.  They’re all addicted to cheap money.  Take away the stimulants and their economies slump.

Lawrence G. McMillan reviews the options market in his weekly column for March 11.