My understanding is that the Fed always bends to a sitting president, so if Obama needs an up market to get re-elected, then that's what he'll get.

Won't do much for the Canadian juniors though. I think those are toast, and for reasons unrelated to new supply or waning demand, although both will play a role.

How many people here are under 40? Not many, I'd guess. Most of us are approaching or already in retirement. We've already made our money, house is paid for, kids grown up and on their own, etc. etc. This is just entertainment for most of us. We don't really need it, and if it stays bad many of us will leave. I know I will - I have one foot out the door already.

So, who's left to support the junior market if there's no new money coming in? People under 40 can't afford to gamble with hard earned money. That goes to a mortgage, the kid's education and basic necessities, not mining stocks. Job security, not the price of gold or copper is their main concern.

I hope I'm wrong. I really do. I just try to look at things with an unbiased eye and that's what I see.

ebear