There is indeed something to the RSI being so high, predicting a strong downturn of sorts, in the general markets. Sometime this Fall. All the goodness of the first green shoots has already been priced in. Delay factor: lots of negative pundits still. When they join the happy boat, then the market is set for a correction.

However, predicting a big rise in gold is fraught. The gold futures market has 50 times more paper gold than real gold. It's just a plaything of the investment banks. Unlikely that they'll put the dollar out of its range. I don't think gold is going anywhere in particular. The writer of the article is trying to sell his newsletter, and being a bit purple about it.

What we care about is KXL, of course. I am very much hoping for a cheerful NR on Hercules in Geraldton. No guarantees. But I'm hoping to hear of deep holes with joyous numbers.

We are already priced below the gold numbers we have - we have lots of good results, just no new ones. Lots of great gold holes already.

"In a crash, the correlation of all assets tends to one." So a downtrend in the S&P would be painful for us. But I'm hoping for enough of a window for some great results to do us some good, a lot of good.

The Athabaska agreement? Sounds expensive, but if they really have strong reason to believe that we have something on our neighbours' land, then great, I'm all for it. The drop in SP today is an overreaction.

Fingers and toes crossed right about now.