Ann: Trial Mining Permit Received for Old Pirate , page-7

re: Ann: Trial Mining Permit Received for Old... FMX, that gold sentiment may also be ready to turn now as well.

The Cyprus deal over the w/e is a major mistake for confidence and IMO might trigger a significant correction in markets (maybe they want that to prevent them from going too far too fast) but might also boost gold.
If they are seen as unwilling to bail out Cyprus without depositors having to take a loss, what does that do to the confidence of people with deposits in Spain, Portugal, Italy, etc?
Does this cause a bit of a bank run?
What message does it create for the ability of the EU to bail out the larger countries if they refuse to provide funds to a tiny country like Cyprus without these unprecedented forced losses for depositors?
What will this do for gold which is still near the lower end of its two year trading range and gold stocks many of which have had huge corrections?

The markets are due for reversal (general equities lower, gold and gold equities higher), this may be a trigger.
If they don't want a panic they might think about reversing the decision, but will the damage to confidence already be done?