Agoracom: Small Cap Investment - Galahad Metals Inc

Galahad Metals

4 projects in Ontario, Quebec and Nevada (Gold, Silver,Copper,REE)

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positive carry

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S&P look ugly

posted on Nov 20, 2011 09:08PM

Just watching the overnight S&P futures and I don't like what I see. Markets are not behaving well and this turmoil in Europe could spell bigger trouble.

S&P futures broke 1210 arround 6:00pm and are trading in the 1203 range at 9:00pm.

If we drop below 1190 then the only safety net will be cash. Gold won't be a haven till markets stabilize, but right now I'm a bear if this gets worse.