Just when it loked like some normalcy was returning to the markets with some sideways movement, the shoe dropped. Yesterday was right back to the extreme volatility that has plagued our markets in 2008, so far. The only thing you can tell people is to take profits and try and end the day flat to avoid some of these whipsaws. Some cycle timers are saying we should see a test of previous Jan lows by the last week of Feb. Those that have the stomach to ride the ups and downs, hang on this could get ugly. Those that play the market, perhaps going to a higher % of cash would be prudent.

Yesterday the short report came out for the period ending Jan 31st 2008, a little suprised at the numbers. NOT had 1,048,700, KWG had 1,582,900 and FNC had 359,500 shorts. The rest of the McFaulds Lake stocks had very few shorts, nothing to worry about. If NOT can give us some good visuals from #2 anomoly this could get very interesting. The FNC short position just astounds me, they come out with a suprise drill program and those shorts will get crushed. There simply is such a low float of tradeable shares on this stock, I just can't imagine what the pro shorters are thinking here.

BMK..where are the assays?

Best of luck to all McFaulds Lake investors today. Buy low, sell higher.

Al