I picked up a Britsh Newspaper yesterday and the headline was "TaTa Jaguar and Rover". This of course refers to the sale of the once mighty british motor companies from Ford to India's TaTa Motors. Shame really because I can't go up to Jaguar owners and ask them "How's yor Ford running" anymore. Tata have developed the Tata Nano which costs about $2,500. It will be introduced into the US (apparently) next year and will be our first "throwaway" car. If you think the CPI is doctored now wait till this happens. Expect more of this in the future and Asia flexes it's muscles.

A thought for the day is that 700,000 net new vehicles are being purchased by India and China monthly as they toss away their carts and bikes! They don't run on water either. Ever wonder why the price of oil will remain high.

The LA Times reported yesterday that prices of houses California statewide were down 26% statewide (feb08/07). If you ever wanted to live on the left coast now might be the time to start looking. Not only is the US citizen losing dollar wealth and stock market wealth but now considerable home equity.

Gold continued to recover from the correction yesterday. I can't imagine that it will be a straight line up to new highs so we should expect some bumps in the road. Also I read that Chinese banks can now trade gold. This is a huge positive for the yellow barbaric relic as Wall Street would have it known.

The markets were generally down yesterday as they had to digest durable orders declining and new home sales flatlining at around 500,000 unit sales per month. Is this the bottom? I can't see this yet as unsold inventory still sits at an alarming 9.5 months. Today we get to digest the weekly layoffs and how bad Q4 GDP actually was! Don't think these stats will have much of an effect.

As for Mcfaulds I still do not believe we can disconnect the stocks from the general stock market. We need a healthier general market for shareholders values in the Mcfaulds area to be maximized. I am not a blind cheerleader for the DOW but it sure helps us when it is rising.

A poster on the NOT board got to speak with Richard yesterday and he mentioned DE3. I must admit to surprise as we have seen no news release on this yet. A DE3 with great visuals should push us up at least a dollar. A poster who spoke to PRB's Palmer aslo stated that Palmer was still finalizing drill positions. I thought they were already drilling! Richard also said he was not drilling on the FNC border but on 100% owned land. This does make much difference to me as I still think FNC has the goods. If anyone knows what is happening at BMK I would be interested. I have no position in this one and it is way oversold. No news is bad news in the Mcfaulds and that is a fact of life.