2008 is going to be very nasty in many respects and even the most optimistic economists are nervous. 1) Gold is heading to over $850 and will challenge $900 this year because the world is very unstable andit is way cheaper to hold given the $. 2) Oil now at $100 creates a whole new set of dynamics and this is not good. 3) The US$ is worthless right now and not the world standard it once was. 4) The primary's in November will mean interest rate cuts are still in the offing and likely to drop at least .75 pts in the US this year. This will have little or no affect on the mortgage/credit crisis in fact will compound it. 5) The US is heading to if not already in a recession and the DOW will surely drop to 11,000 this year. In the meantime Canada should do comparitively well in the world and its $ is up 18% against the US, 17% against the Euro and 14% against the Yen. This shows underlying strength and confidence in the country.

We will surely lead in a lot of areas and when valuable world resources like we are talking about in the MF area continue to be discovered the future is bright in our littel world! As posted before, I got off the big board in Dec because the markets are fleeing to gold and cash. Only a fool holds out for the top dollar.

All IMO