Petaquilla Minerals Ltd PTQMF

Markets

[Libertyg]

Today is a "reactionary" event to news. IEA releases strategic oil reserves to cap oil. It will fail long term but short term here we are. Oil down to 80.00/85.00 looks destined to happen now. That could do it for oil and allow a great entry for oil stocks. Gold/silver also at key downside levels. Gold 1520.00, then 1500.00. Silver about 34.50 area then 31.00 which is what i thought silver needed to get to on the downside. It may not happen but watch for that as a potential key bottom area. Todays sell-off could be simply a one day reaction but the next couple days should help clear it up. If PTQ can't hold .60 then .50 and even .40 are in play but i still highly doubt that happens unless it's a spike and recover type of deal. i would be buying that big time. I covered my silver short position today, and will wait this out a bit to see how it plays out. Neutral commodities, and miners short term, long term a raging bull.