In Feb we will see what the valuation really is. If the world sets a real path to recovery then our sp is over $5. If Mali blows up into an all out fake war then we may see less than $3.50. Wall street know these wars are being conducted on credit. Gold should spike right after the massive printing. Is anyone shocked that 1 miner there would sack 14,000 people while Ivenplats tries to cement its position with the dictator who stole that deposit? Oh gosh, lets have a war to conceal even greater frauds. It makes my head spin to think how this one will play out. France is on the brink of collapse yet they are about to amp up the war machine. At some point the world has to get real about this. The "insurgents" recognize the financial position of their enemy and are striking while they themselves are impoverised. Who's going to win this one?

On a side note: CUU looks to be keeping true to form with the show. The sp attacks and the empty hands are nothing new to us. It really begs the question as to why bother? There's no purpose. The majors do not go hunting at shows. I can't remember a time when we went to one with something fresh to show and saw a rise in the sp. Is this all smoke and mirrors? Since they seem to do more harm than good is this really in our best interest? I've asked about this a number of times and never really got an answer. We seem to just be a patron to that portion of the industry so our support for it may have a long term use? Will this be that one off that amazes us? The trading this week suggests not.

Our new base at 80 cents showed strength this morning. I hope that teaches them that the time is up for such attempts. Looking at the house positions this morning it really shows who's using anon and how little they made. The only money they made was the trading credits they get for fake volume. What I wrote about on this and what's being echoed by the very people responsible still indicates that nothing will be done.

The exchanges regognize that the practise of volume credits to attract HFTs has just destroyed the market place. Now they admit that the vast majority of trades are fake and leading to canibalism since all the mice have left. It's becoming laughable. So acknoledge this and yet say they can't stop the practice or they will lose the big traders. But if it's all fake all that's happening is they are trying to eat each other while the total real value of the exchanges is dropping. Sure, they can appear to be going up on a grander cycle but the exchanges themselves admit this is false. It's a pyramid without a base. Perhaps this is why the all seeing eye portion of that pyramid is detached?

This is very similar to the derivatives market. I don't see it ending well. So 2 guys buck the trend hoping to retain their clients but unless all of the others do the same the game amps up.