Perhaps we'll look back on Ben Bernanke being man of the year as the turning point, when the second down leg of a great big double-you W recession started. With this second part being deeper and longer than the winter of 2008.

I think we're going to see some extreme days ahead. Lots of volatility, and dollar shooting up, crashing down, shooting up etc. I can almost hear the deep rumble of the air starting to escapt the fantasy of the us recovery.

What will happen to gold this time around? Will it get pulled down again, as this next wave of deleveraging and failur comes around? Or will the dawning awareness of hyperinflationary depression start a move into gold?

I have no idea, but I'm certain that the US can't borrow or print their way out of this. That they've tried, and are now in the corner due to their out of control debt, can only spell weakness for US dollar and strenght for gold.

But as for Tyhee, the key to my own plans in the next 18 monts or so, I'm very excited.

Yes, share price may get pulled back down to 15 or so, but maybe it'll hang on above 20. With $3 million in the bank, the plan for 2010 is now assured: drilling, results, Pre Feas and progress on the EA and permits. So while we may be stressign out when we see some large up and down moves in gold in the coming days/weeks, we can have a baseline of confidence that Tyhee will be unafected by what happens in the next 6 months.

I for one want to see this next wave in the crisis get going, so that by next winter, say November 2010, we'll see the US start to come to terms with what they've done to their economy and their currency. The need to restore confidenc in the US dollar, and to restore integrity to their leaders in congress and senate, may be very favorable conditions under which Tyhee announces plans to build the mine, once they get the permit in 2011/2012.

Hang in for a rough ride in the coming days...

SKELEG