ECB Update

Right now it's about 8:35, and we got the 25bp hike by the ECB, but "Tricky" Trichet seems to be signaling a "one and done" rate hike (dovish). Payrolls came out below forecast, but not as far off as the ADP numbers. Gold and silver were poised for a lift off, but they are not budging. This doesn't look good, and I'm expecting a correction today. If prices do come off, then I'll be looking to buy back at 920-930 for gold 17.75-18.10 for silver.