1) America's preeminent expert on precious metals, commodities and foreign currencies, Jim Sinclair has a few things to say on wealth preservation: -

http://www.youtube.com/watch?v=aclQKAKndjE

2) In case you don't want to listen to all of the Jim Sinclair’s interview (above), near the end of it he stated (all paraphrased) that if junior gold stocks are to survive future economic perils they will need to:-

a. Have the ounces, and 43-101 compliant reports to prove those assets.

b. Have the funds necessary to bring assets into production.

c. Have positive Feasibility conditions.

d. Have management.

e. Have cash reserves.

* He added that any and all of the above will work but the more of the above you have, the further up the ladder you will go.

* He also suggested that majors are going to need ounces, and will be shopping for companies that have them.

3) Europe up, Asia down, Gold up, No significant announcements----Europeans meeting in Brussels, up and down---up and down,,, more instability. Like I said yesterday, “Quite a volatile market this morning that is for sure.”