From the Mining Speculator today.

General Market News

Our junior mining share market has recovered a bit, and investors have one more week to consider any last minute tax loss selling strategies. For most junior mining stock investors, this year has been a "wipeout," and one we all will be glad to put behind us.

As we move into next year, I see 2009 being a transition year with select mining stocks performing well, while others fall by the wayside as the wave of consolidation hits hard.

I expect precious metals prices to make very large gains in 2009 with $2,000 an ounce gold clearly in sight. As this happens, I believe 2009 will become the set up year for the mania phase in gold, silver, and their respective mining shares in 2010. This is where the BIG MONEY is going to be made. Those precious metal companies who survive 2009, should do extremely well as a much broader stream of investors come piling into our market late in 2009 and 2010 due to the ongoing financial collapse. I will have more on all of this in the January newsletter which should be out January 2nd.

Until then, I wish everyone a safe and happy holiday season for you and your loved ones!

Greg McCoach