I have been worried about the markets for some time now and I guess that is why they call this the "wall of worry." From what I have been reading from subscriptions and other commentators etc, is that we are not guite at the beginning of the bear market...yet. ( I know it depends on who you listen to and therefore the reason to ensure one uses reliable sources) In fact, I have been told that a target for the first quarter on the Dow some time in the first half 2008 is 15,100. I have also heard that the final year of a presidential run is bullish which we are. One area of concern, if you are bullish resource commodiites such as gold is that the US dollar may have or be in the process of establishing a bottom and short term gold could be impacted as a result. In my opinion, longterm gold would be a great place to be and ofcourse time can only tell us that.

Also, KRY over the past many months was not really following the markets anyway and was looking for some kind of direction from the government of VZ. The Crystallex management are basically at a stand still until such time the VZ officials award the final permit and while KRY management attempted to get the permit pre referendum were not successful. I believe there is management concerns about the outcome of the referendum and the associated impacts of further delays depending on what happens on December 2nd. Either way the facts, as stated earlier in the previous emails remain unchanged. What one does now is very much a function of ones abiltiy to play the odds in a political charged environment. I would also say that the KRY buy was a position play on them receiving the final permit and so far we continue to wait with this nusance of a referendum getting the way.