Thanks DB. I don't entirely dissagree with Pulplava but let's face the truth, he might have been able to call a recession but he's been way off on how to play it thus far. He might prove right in the end... I don't know.

I do agree that eventually we'll be entering a hyper-inflationary cycle and that commodities will win the day, however, in the main time we must live with a whole lotta games in the financial markets. I do believe that Goldman and friends are entirely behind this junior masacre and that they'll drive it as low as it can go and then run it right back up. Anyways, that bottom has to be close. I think it was yesterday as I wrote, yesterday.

In the last couple of months I've changed my strategy a little and so far it's paying off. I reduced a few of my juniors that I felt had potential to fall. Gone with some long out of money option calls on gold producers with a little short term puts to hedge. Also grabbed a little of a long US financial ETF and some Canadian bank options earlier this week. Mostly have diversified into some "green" plays a little AG and O&G. But my bulk is still in hard commodities.

In fact, I picked up a play a couple of days ago that I consider this one of my best finds in years as it represents a wonderful balance of risk aversion and reward potential, pays a dividend and has a P/E ratio of about 5.5 (extremely low). And it's the worlds largest producer of the world's lightest metal, which is growing in demand by the minute. Curious?

And honestly, I haven't sold a single share of NOX, only added and that is because NOX has been hit so hard that I don't see it going down much if it does, plus at least with drill results coming in all summer we always have a chance that it could do the NOT thing.