One has to look at the 5 year venture chart to put things in perspective.

Earlier this summer I thought we would hold the 2300- 2350 range having hit this strong support level on multiple occasions. The bank defaults and fear destroyed any optomisum in the market... and the venture exchange is driven by optomisum. Venture stocks are future resources, commodities, gadgets etc... and the media would have us believe we are all going back to the stone age.... Get bedrock city ready for several billion inhabitants....

Now we all know that isn't going to happen... Things always look the bleakest just before the sunrise. The 1400 - 1500 level in the venture is hard bottom... The 1850 level was weak support and was breached with ease . Many, many jr's have developed and proven their properties and are very advanced... and commodities are very strong.. not at their peaks, but very strong and supportive of strong profits for these future producers.

The majors have made huge profits over the past couple years and have emased large war chests, and at the same time thier resources have been consumed. Now is when these players will begin replacing those inventories.... ARU being picked up was one of the first to attract a major.... In an unfriendly country..

Canada has many projects which are potentially of intrest, deposits that have no country risk.

I figure the turnarround will begin soon.... and once started some companies will recieve multiple offers.

When the financial canibalization has been completed the commodities sector should come back into focus.... because just where is the food, fuel, metals, energy etc going to come from... unless we are all prepared to move into a cave... I know I'm staying put...LOL

Many of the solutions for energy needs have been tossed out the window.... Wind energy and geothermal projects have been abandon by the same investors. Oil stocks have been tossed to the sidelines as if we had suddenly found some new form of energy.... Every sector has taken a beating......

When the turmoil has stopped... the cream will rise to the top. Logic will prevail over fear.... no problems were ever solved with fear...and fear is in control right now...But fear is always overcome with logic.

Now is the time to pick up the positions in the companies that have superior projects, in the right commodity, in the right counrty that will provide the resources for the future needs of the world. Canada is the right place to start!

JMHO