Hi Bujjai!

I disagree. The broad market will be driven higher on the bailout news, as investors still do not have a clue and some form of relief rally is going to happen here. But I do not think this will drive the PM sector lower. I think people are waking up to the severity of the cirsis, and the inflationary effects of the bailout deal, and therefore we will probably see heavy buying in gold and silver too.

When the overall markets have been under presure lately, the PM juniors have also sold off. I think as the overall markets enjoy a big day tomorrow we can look forward to a nice move higher in the HUI and several PM juniors. ECU was trading very strong into the close on friday and my guess is that we will break above resistance tomorrow.

cheers!

mike