BSC

On Crisis and Panic There is a difference

A panic event is a sudden short-lived reaction triggered by intense fear - be it real or imagined. A panic event will rarely introduce a bear market but a panic event will sometimes mark the end of a bear market.

A crisis unlike a panic is of longer duration due to its complex and uncertain outcome. A crisis will usually introduce a bear market in the related market sector.

Monday’s collapse of Bear Stearns was a panic event effectively ending the crisis


Bill Carrigan

Moly Scarce metal play

Gold and silver are red hot - if you can't take the heat look for a laggard in the "scarce metals" sector - something like MOLYBDENUM.

If your like us with no idea who mines the stuff look at -

SPROTT MOLYBDENUM PARTICIPATION CORPORATION invests in securities of private and public companies that explore for, mine and/or process molybdenum and by investing in, holding, selling all commercial forms of molybdenum.

It listed on the TSX under symbol MLY

A risky fun play

Bill Carrigan

Oil Sands

For GT blog March 12, 2008

Forget those Oil Sands plays - We used to call it the Tar Sands

Yes crude is over $100 but it needs to go to $150 to help the tar sands players because they have lots of problems to overcome

The environmental issues are huge - water - green house gasses - provincial royalties - rising costs

The chart is technically over bought and building a large bearish Broadening top formation

The short - intermediate and long term stochastics are all topping at the same time

Sell this puppy before it grows into a mature dog!

Bill Carrigan