Most all resource stocks are still in the hands of the bears. This is becase of the fact the Venture Index still remains in shambles with the public long gone.

All we can look at is that under the 80 cent level looks to be supportive with the 90 cents area carrying medium weight as current resistance. In retrospect, when the 200 day average on the Index gave some months back all changed. Although gold and silver appear to have established some important lows, it's going to take an unknown period of time before enthusiasm returns to our sector.