Petaquilla Minerals Ltd PTQMF

RE: RE: RE: RE: Liberty

[Libertyg]

Excellent bounce for the metals. Most importantly, is this a one day bounce or the real deal? Gold IMO needs to close at least above 1555.00, and silver around 37.30/37.55 or so. I believe they are committed to breaking out or will fail and continue to correct. Still think things will clarify much better over the next week or two. The US dollar has limited downside or it's going to crater which lines everything up beautifully for the next move in the metals. The dollar does have the ability to bounce yet, and as pathetic as that sounds, we can't ignore that interim possibility before it heads back down. Once the dollar finally breaks down that would be the big one that could really force some strong selling and commodities to take off upside. That also should put a floor in the junior sector for it's long awaited money flows. Don't forget the Fed''s QE2 and beyond is due later this month and that will cause some market reactions, especially in commodities. Oil also looks like it needs to at least get down to 85.00 at some point. It's worth watching with the metals. I post these things as they can tip us off the an end in the TSX selling pressure.

Would really like to see PTQ get back up in the mid to upper .80's to be more comfortable that the downside is exhausting.