Busy here today, eh?

Noting today that as metals prices continue to fall, so do energy prices, a big component of mining costs.

After an initial spike on news early this morning about falling inventories, oil reversed and is now down on the day. We may soon have lows not seen for several years, if this continues. I've heard projections in recent days of 33 dollars per barrel, an 18 percent drop from here, and this morning as low as 23 dollars, and this is without the Keystone pipeline!

Meanwhile, the cost of electricity is also plummeting owing to wildly successful returns from solar and wind farms, at least in some parts of the country. Some customers in Texas and elsewhere are even getting paid for using electicity, their local solar farms are making so much money.

Arizona should be next to be paying customers, because the solar farm building boom is crazy here. Out in the desert and along certain highways, one can see real estate broker billboard advertising, "Specialist in land suitable for solar develeopment".

Now, throw in a story about a near, or at surface bonanza grade discovery of copper and associated metals in a Bisbee-type environment, ...well, stay runed for what could be the biggest mining story so far this century. The price of copper will have little to do with how the market reacts.

Please note COULD is a big word, but as they say in court, anything is possible.

VP