My 2 cents worth which should really be on an OT board but it is a slow NOT news day and the economy is relevant.

Paulson, Bernanke and the plunge protection team(PPT) are desperately trying to hold down the price of gold and shore up the US stock markets. The rest of the world- Nikei down 4%, Hang Seng down 5%, Europe(FTSE,DAX and CAC40) is down 3.5% to 4.2%. It is not suprising that the TSX is down 420 points or 3.2% as this is in line with the rest of the world who fear more US bank failures. The Canadian markets don't have the PPT artificially buying US stocks to hold up their markets.

I suspect the 1% rate cut by the FOMC tomorrow will rescue the US market short term and we will see a US rally which will help us as well. The incredible amount of US$'s that have been printed to help the US survive this current disaster will result in a significant increase in inflation and should help the gold, silver, nickel and other commodity prices increase over the coming months. Thank goodness NOT didn't announce anything today. Later this week would be excellent timing for us as the markets should be in an upswing untilmthe next bank failure.