I had business and had to get away from the computer. I see at the end of the trading day we got bought back off the lows, then we got the bump, but not enough to break above the downtrend, just hitting the line. Seeing how the stock somewhat followed the POG action today it is hard to tell if today's decline is continued Chavez ranting, the POG, the China rate change, or all 3.

I think it has a lot to do with the POG but some has to be attributed to the total lack of progress on the A&F and the permit. Unfortunetly if we dropped with gold does not mean we will go back up with it as easily.

I have read that gold may correct to 1300 but IMO 1330 is becoming support.

The US / Banking problem is not over, so gold should resume higher. My only thought is that there is so much worthles paper gold out there can be exchanged for the worthless currency and therefore "dumping" gold (paper) is still alive and we are going to see volitility in the gold price. This resulting volitility could be a planned strategy to try to prop the Dollar (or other fica currencies) value. Especially before the fiscal summit in S. Korea begins.

Also whomever that keeps mentioning the Buffalo/CRRC deal IMO you are off base because companies explore putting deals together all the time, many of these never get off the ground. Our deal is in a different location, different circumstances with much larger reserves. I do admit that the release of the deal pending info did not benefit retail (yet) but I do not see a repeated record of CRRC entering into business negotiations to fail. Rather, I see a company that has been trying to expand into gold mining and make a profit just like everyone else.

Hello Mr Fung! How about some good PR?

HB