Good morning. The overseas equity markets are a mixed bag as are the US futures heading into todays trading. Still lots of trouble it appears in the financial stocks. On the economic calendar we get the intial job claims at 8:30 am and some non manufacturing index numbers at 10:30, the reading at 10:30 will give investors a glimpse into the US services sector. It could be a market mover. Tommorow's nonfarm payrolls and unemployment rate numbers at 8:30 am will be the big numbers for the week, these numbers should set the tone for the month of April going forward.

Back in McFaulds Lake we finally got some news from NOT on the visual front from the drilling of their various anomolies. Obviously the market no longer cares about visuals as the McFaulds Lake stocks sold off. Interesting how McFaulds lake stocks have slipped into the show me stage. Apparently only actual assays are what the market is looking for currently. Its going to take some knock your socks off assays from NOT to get investors to come back into the McFaulds Lake stocks. We may be heading into a period of dead money for investors into this play. The lag in time to get assays from the labs is doing nothing for these plays either.

Of interest yesterday was the way FNC sold off. The miss by NOT on their border hopefully wakes Peter Smith up and gets him moving on a drill program for Fanacamp. Once the dust settles on the share price of FNC we may be afforded a good buying opportunity on this stock. I have no idea where bottom may be however. It may be prudent for those wanting some shares of FNC to wait to it's share price starts going back up before  jumping in. Catching a falling knife can be costly. JMHO 

Good luck to all investors in McFaulds Lake.

Al