Thank goodness its Friday. It has certainly been a wild week in the worlds equity markets. Today Asia was mixed with Europe up on the back of the uptrend in mining stocks. On the economic calendar in the US today we get the very important Michigan Sentiment numbers at 10 am. Futures point to a down open in the US, but will say this once again. For the US equity markets to be up for the week, amid some very bad economic numbers, tells me, we have the backbone for a bull market forming. Time will be the judge.

Back in McFaulds Lake we suffered through another flat day of slow bleed prices and low volume. Low volume with down prices is a sign of accumulation. It  appears everyone has placed their bets and the only sells are the weak hands. If overseas markets are any indication, mining stocks should do well today, which should bode well for the McFaulds Lake stocks.

The topic of insider sales has came up on this board once again. People have to realize insider sales are part of the game. There is NOTHING wrong with seeing some insider sales. Now I agree, to see massive shares being dumped by insiders would be a concern. However to see minimal sales is to be expected. If you look at FNC they have had very low volume insiders sales. If you look at SPQ they had insider sales, in fact Neil Novak has sold half a million shares in the last month. KWG had insider sales of 2.5 million in the last month. FWR had low volume insider sales. So what? Do investors honestly think insiders shouldn't have the right to raise funds on the open market also? Why would insiders want to own shares if they never were allowed to sell them? Often companies give insiders options to acquire cheap shares as a reward to making the company more valuable to the retail investors. If they were never allowed to sell these shares why would they buy the options?

Often people having nothing to fear, but fear itself.  Posting some of these insider sales is only raising fear in the newbee investors. Once again, small amounts of insider sales are meaningless. JMHO

Best of luck to all McFaulds Lake investors today.

Al