Petaquilla Minerals Ltd PTQMF

RE: Bottoming?

[Libertyg]

As suspected the fear of the end of QE2 has the markets mighty skiddish. It's a perception not a reality. So down everything goes again. Until the reality sinks in that money will continue to flow this is what we will be seeing. Selling rallies. Again we now have to watch Gold at the 1520.00 and then 1500.00 level to see if it will hold. I believe until we see the official end of QE2 end of June this is what were going to see. After that we should start to see how the perception shakes out. We could see some yo you action for a while. If the dollar does rally then we could see another leg down in the near term at some point.

I still maintain if we do get another leg down that will be the big buying opportunity we should look for, at least for me that would be the perfect entry point for the junior sector. West Texas Crud oil may be the tip off it breaks below the 95.00 level. That would suggest 85.00/80.00 next.