Well here we go again.  The markets are driving down again in premarket.  As I understand it the downturn isn't as bad as last week.  Japan is apparently in recession.  Europe and England are fighting off housing woes.  England is pushing for another interest rate decrease which is very much a rarity for them. All in all we have two things to consider.  Will we be seeing a recession in its full face or will we see a moderate economic downturn?   Its my best guess that the moves we have seen to stem the tide may in fact reduce the effect of the downturn.  The fact that the US is in an election year is also something to consider.  I have attached a link for those who want to keep up on the campaign.  I will be doing a study to see how the market moves with the US elections looming.  I do believe from my best memory that the markets like the elections.  The only time we have a problem is where a canditate is overly driven to a platform that will move the market adversly.  This doesn't usually happen all that often.  It will no doubt be an election to keep an eye on.  There will be effects scattered over to the economic conditions within the US and ultimately world markets.  Here's the link: http://uspolitics.america.gov/uspolitics/elections/index.html?gclid=CKmx2LP9mJECFSNXQAodYGo5Hw

My guess is this week will have extreme volatility,maybe in smaller proportions to last week.  That would be a sign that the stop gap economic repairs will move forward in healing the big gaping wound in the US economy.  Another 50 point interest rate cut in the US will likely seam the wound even more.  The State of the Union address will move all of the processes into one and be directed by the President to the US and world communities in a way that should make it clear where the economy should head.  Big Recession?? Not as likely now.  Big Housing Crash?? In the US this has pretty much already happened and now its a matter of time for it to correct.  I see this happening before the elections.  Downturn of moderate proportions?? Absolutely...can't keep moving up without correcting.  This is the correction and it will continue until the market signs point to a strengthening workforce and retail numbers increase at the right percentage (too high = inflation and too low=stagnation).  We are not looking bad at all in Canada.  Why worry then.  The sands will keep us in demand.  The housing will continue to gap up at 2% per year (this is our decrease in the housing market).  We are definately cooling down but we shouldn't have an economic downturn due to our commodity strength and our employment requirements.  Business is good.  Housing is stable.  We are looking great here. 

Soooo....what does that do for Sage???  Its a "Canadian" "Gold" "Speculative" mining stock with "Great Management" and "Superb Properties".   Therein lie five reasons why Sage will be one of the biggest plays in 2008.  Gold is spiking up and the larger market is moving toward gold.  We need a couple of news reports that say "Buy Us Now".  I would see us doing a 5 to 10 bagger over the next year and a 20 bagger is not out of the picture over the next 2 to 3 years.  Thats 6.00 per share in 2009 - 2010.  I think that has to be a good sign in my books. 

Any comments would be most welcome.  I'm trying to stir up the pot a bit here too..  I'm sure we don't agree with everything I said and I'd love to hear your comments as I respect them very much and keep both sides of the coin in my thoughts as I do my DD on this play.

GLTA this week.

MM