We have a number of issues to contend with at the present time:

1. The drilling results aren't stellar, but they show accumulation of chromite,
2. Nickel isn't totally void from the results meaning another anomoly can be nearby and we just haven't found it yet (or...maybe we have??!!),
3. The markets want to breath new life and the financials and commodities are working to make that happen,
4. The doomsayer anylists are stating that this last 25% bull run was just a suckers bull run....I guess we have to decide for ourselves. Think....if these guys are shorting and going long then of course they use the 1929-1930 market crash as an example to have us heed caution. Are they right or are "they" playing the investment world. Who do we trust...??
5. The hedge funds are all accumulating where ever they can and be rest assured we are their targets, and also rest assured there is collusion going on...to what degree we will likely never know,
6. The governments are pulling out all stops to keep the markets stable..but the only problem is they are feeding bad management and bad business types.

So what is there to make of this? Despite our gut reactions saying all of this is c**p and that we don't need multi-millionaire CEO's who couldn't hold their ships together (while walking away with bailout funds) running the major government agencies dealing with the bailouts, what can be done? I see the government quandry and I see the liklihood that these guys will likely have a better chance of getting the economy out of the hole (primarily because they were the ones that got us into the hole). My frustration comes from rich overpaid CEO's taking from one hand and then taking from another while feeding off another. This too frustrating to watch. People are losing jobs everywhere and these guys keep feeding off of everyone. Until the government can deal with these bailouts correctly..and yes they will be taxing these poor executives to death to recoup some of the money...and have a stronger hand in dealing with the big, fat, overburdening, billigerent and arrogant car industry and hedge funds, we will not see this recession end soon.

My gut feeling.....this summer after the market runs up 300% or so (sucker run or not), there will be another sell off before the bottom is actually found. Its not because that's what happened in 1929-30, but because it has to happen to give the big investment moguls a chance to load up cheap and recoup their losses. I for one am trying my best to hold and save for that day. If it doesn't come there will be no one happier than me, but if it does..man I want to be prepared.

I feel really bad for those who are deep into the Ring of Fire companies with things the way they are. I feel that news will continue to flow...the nature of the news may be upbeat...but to really pump us up it will need to be similar to the August 2007 news that doubled the price in one day from 2.00 to 4.00. That is the news we need. To get that we need another anomoly full of nickel and not chrome. Until we get that we will only be the target of companies willing to treat us as being at the lower level of the food chain. And until we find another anomoly where nickel abounds we will likely be "pumped and dumped" so the initial investments of the big funds can multiply...readying for the highly projected takeover(s) within the RofF. Those prices won't make everyone happy and I think that sucks bad.

Notwithstanding all said above....we all know that this is a good find and that it will continue to return good discoveries. Until then the unpopular word "patience" keeps rearing its very ugly head. I hate to say it but chopping it off won't make the pain any better. I still feel that NOT has some upward moving coming in 2009 which should bring smiles of sorts to us. I don't know if it will escalate enough to put big grins in the face of frowns though. Lets all hope it does and lets hold on to the dream..because no matter what level it comes to be..the dream will become reality.

Long on NOT....

Mustangman