Friday, October 10, 2008

US Dollar is over 0.825 and Gold is getting trashed to 825.

US Dollar is over 0.82 and Gold is getting trashed to 825. Are they going to Cut over the weekend again? Today's action in General markets is like a turnaround point: Heavy Sell Off in the morning and retest in the afternoon, will the low hold? Some Juniors are showing signs of life. Once liquidity and Greed will be back we will look for 40-50% over day gains. Taking Calls positions on hammered today Silver Standard SSRI, Silver Wheaton SLW and Yamana Gold AUY. Juniors on my radar screen TNR Gold TNR.v (up to 0.15CAD with high at 0.17CAD today), Canada Zinc Metals CZX.v at 0.35CAD trashed with Zinc price, Silverstone Resources SST.v back to 0.7CAD.

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