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Early days!!

hehe..I thought the options was a good trade falling below the heads. i.e. GGGO lingering below 23c with GGG Heads at 43-44c, plus considering the pattern that traders/investors have been placing a 2-4c premium to heads. I have a portion that i trade with, the other i hold for the long term. Care should be taken for T3'ers given many would had bought on the hype, the SP didn't go as high North as they thought it to be thus might be preparing to exit before Friday.

Index has fallen below the 3900 mark, uncertainty and fear are once again lingering in the minds of investors. Obama citing a possible overhaul of the US Financial System is also of concern, G8 plan to reduce 2 trillion in stimuls, Iran Riots, Russia and China selling down US assets with a rumour of forming an alternative currency. However, what bugs me the most is debt, and the fact that households have taken the worse of the Financial Crisis.

Exercise your trades with caution, ST doesn't look good unless more positive economic data are released. However, they need to be backed up, need to be sustainable for legitimate confidence to subside. I see REE prices to substantially rise only when the economy start to pick up, green technology, development progress could be slow until then.

GGGO could be the way to go if you want to hold a long position. By 2011, there is a good likelihood that they will be at or close to production. With hope that laws with lift the uranium ban. By that time, in this future base on facts i see Uranium spot prices to be much higher given there are currently around 450+ Nuclear plants in the World with 80+ under construction, logically supply does not seem to be able to keep up with demand hence price increase hence high future prices.

Likewise, with the change of human perception and the need to progress to cleaner technology due to issues like Global Warming, Carbon Emission Schemes, Triple bottom line reporting etc will lead to environmentally clean energy, products, efficiencies and hence to a further rise to REE prices in the recovering stages of the global economy. Given demand and supply factors.

We face a risk for volatility in the short term. We are seeing a smaller bear doing this cycles admidst a much larger bear that is still trending down. Could be a long way off, however, when the bull comes, when the bull runs. There is no holding back for it will ram down any signs of red however will spare any signs of green. Okay, enough of my thoughts and blabber.

All the best to all holders, care!

LM