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Gold has traded between $1,712 and $1,736 so far today following Friday’s $32 drop…as of 5:15 am Pacific, the yellow metal is off $11 an ounce at $1,715…Silver is 32 cents weaker at $33.35…Copper is off a nickel at $3.84…Crude Oil is down $1.04 to $96.80 while the U.S. Dollar Index has strengthened over one-third of a point to 79.43…

Stock index futures suggest a modestly lower open to begin the new week…a better than expected U.S. employment report drove stocks higher Friday as optimism grew that the labor market in the U.S. is on a steady path to recovery, but lack of progress on another bailout package in Greece is weighing on investor sentiment this morning…Greece appears to be moving closer to a disorderly default – the country’s political leadership is inept and cannot be trusted – as early as next month but the market has largely priced that in anyway…

More than 65 S&P 500 companies report earnings this week and there is another session of Congressional testimony tomorrow from Fed Chairman Ben Bernanke who appears before the Senate Budget Committee…

The Dow roared to a 3.5-year, pre-recession high last week while the Nasdaq hit its bestr level since 2000…the Dow is now up 20% from its October low while the TSX Venture Exchange has climbed 27% during that time…

The Venture closed Friday at 1665 in an area of short-term resistance as John’s charts showed Saturday…the primary trend is undeniably bullish, so any minor pullbacks are likely to be temporary and should be embraced as a buying opportunity in our view…the Index could easily take a run to 1800 or higher by the end of March…

Gold’s Weakness Likely Short-Lived

Gold’s drop on Friday was actually healthy from a technical standpoint (daily RSI, for example, was overbought) and support should hold at $1,675 or better as John’s chart outlines below…Gold’s weekly RSI is only at 56% and has plenty of room to move higher…

Company Charts, Rainbow Update

John has charts on four companies this morning – Scorpio Mining (SPM, TSX), Encanto Potash Corp. (EPO, TSX-V), Levon Resources (LVN, TSX-V) and iSign Media Solutions (ISD, TSX-V)…

EPO looks poised for a move higher this week, based on technical factors,  as do Rainbow Resources (RBW, TSX-V) and Adventure Gold (AGE, TSX-V)…we contacted Rainbow President David Johnston over the weekend and he confirmed the following to BMR:  “We are successfully closing our private placement, as per our January 25 news release, and we look forward to announcing that this week.  With these funds in place through this strategic financing, we will be moving forward quickly and aggressively with our plan to build this company in the Gold and Silver sector“…it’s great to see a young company on a path to success…we expect strong news flow out of RBW in the weeks ahead and we’re particularly looking forward to the upcoming report from the company’s geological consultant on RBW’s West Kootenay land package…

Encanto, which owns the Muskowekwan potash project in Saskatchewan, announced a major new land addition last week and the stock responded favorably on strong volume…momentum traders may have fun with EPO this week as John shows in the chart below…

Note: John, Jon and Terry do not hold positions in EPO.

As regular readers know, we’re very bullish on Silver and one of the most promising companies in that space is Scorpio Mining (SPM, TSX), a Silver and base metal producer in Mexico…SPM has a great-looking long-term chart which shows another breakout is likely in the near future…

Note: John, Jon and Terry do not hold positions in SPM.

Levon Resources (LVN, TSX-V) has a quality project in Mexico (porphyry silver, Gold, zinc and lead) but technically the stock isn’t quite ready yet to begin a bullish new phase…now, however, is probably a good time for patient investors to consider accumulating LVN on any weakness – especially if it moves closer to the very strong symmetrical triangle support around 80 cents…

Note: John, Jon and Terry do not hold positions in LVN.

We have been following iSign Media Solutions (ISD, TSX-V) with some intrigue since the spring of last year…the stock can be quite volatile and traders have to be careful…we’ve always liked the long-term prospects for ISD, however, as its technology allows advertisers and brands a new way to deliver engaging, rich-media messages with a strong response rate which could be much more affordable than traditional marketing messaging…ISD had a nice run last week – it could continue to move higher this week but keep in mind the strong resistance in the mid-60’s…eventually ISD should overcome that resistance but not right now…

Note: John, Jon and Terry do not hold positions in ISD.

TSX Venture Exchange and Gold

The CDNX continues to “rock” and posted its seventh straight weekly gain, climbing another 36 points with volume increasing as well.  The Index got as high as 1673 Friday (an area of resistance) before closing up 5 points for the day at 1665.

There’s no question in our view that the CDNX is now in the early stages of a powerful bull market phase that should ultimately (by late 2013 or early 2014) take the Index back up above 3000 to test the 2006 and 2007 highs.  That’s a double from current levels which means this is a fabulous time to be searching for potential “10-baggers” (Rainbow Resources, the former “shell” that we uncovered in December when it was trading around 14 cents, is a good example of a stock with the right ingredients to become a “10-bagger”) as there will be more than a few serious “home runs” in this kind of bullish environment.

Using 2009 and 2010 as a guide, expect some minor pullbacks (less than 10%) in the CDNX over the coming months but any weakness will present buying opportunities.  The 10 and 20-day moving averages (SMA) should provide strong support and they are currently sitting at 1625 and 1585, respectively.  Below that, the now-rising 50-day SMA is rock-solid support around 1530.  At some point this month, probably sooner rather than later, we expect a minor retracement which would actually be healthy as it would help unwind the current overbought condition on the daily chart as shown below.

The 50-month CDNX weekly chart paints a very bullish overall picture with the Index climbing in a Pitchfork channel.  While this market is currently up against resistance, it’s only a matter of when – not if – this resistance will be overcome.  It’s reasonable to assume, based on technical analysis, that the CDNX has an excellent chance of testing the 1800 level by sometime in March.

The Venture Exchange put in one of its best January performances of the last decade by posting a gain of 10.28%. History shows that this is an extremely bullish sign for the balance of 2012. Other years that included a strong January were 2002, 2003, 2006 and 2009 – the CDNX gained in each of those years and jumped over 60% in 2003, over 30% in 2006 and a whopping 90% in 2009.

The Dow, meanwhile, roared to a 3.5-year, pre-recession high last week while the Nasdaq hit its best level since 2000.

Encouraging Economic Growth

The United States has just posted its 18th straight week of stronger economic data including Friday’s better-than-expected employment number (just imagine how the U.S. economy could perform under a President focused on wealth creation instead of class warfare and wealth redistribution).   Recent upticks in vehicle sales, same store sales, homebuilding and manufacturing data have given the markets plenty of encouragement, while manufacturing data from Europe and China is exceeding most forecasts.  The global PMI (Purchasing Managers Index) has jumped considerably since November.

Money Supply Growth = Higher Gold & Stock Prices

The growth in global money supply recently is very bullish for commerce and the markets.  According to ISI Group, 78 “easing moves” have been announced around the world in just the past five months as countries (China being hugely important) look to stimulate economic activity.  Global money supply rose 8% year-over-year in December, or about $4 trillion, according to ISI.

Gold

Gold’s 2012 weekly winning streak was snapped Friday as the yellow metal fell $32 an ounce to close at $1,726 for a loss of $11 from the previous week.  This was a healthy and much-needed pullback.   It should also be short-lived with support expected to hold around $1,675.

The Year of the Dragon Lunar New Year holiday in China set a new record for Gold buying.  Sales for the two top jewelry sellers reached about 600 million yuan ($95 million), a nearly 50% jump over the prior year.  Gold is certainly emerging as one of the preferred investment choices in China.

Silver, which gained over 20% in January, gave up just 29 cents last week to close at $33.99.  Copper added 2 cents, closing at $3.89.  Crude Oil fell $1.72 a barrel to $97.84 while the U.S. Dollar Index added one-tenth of a point to finish at 78.94.

The “Big Picture” View Of Gold

As Frank Holmes so effectively illustrates at www.usfunds.com, Gold is being driven by both the Fear Trade and the Love Trade.  The transfer of wealth from west to east, and the accumulation of wealth particularly in China and India, is having a huge impact on Gold.

The fundamental case for Gold remains incredibly strong – currency instability and an overall lack of confidence in fiat currencies, governments and world leaders in general, an environment of historically low interest rates and negative real interest rates that won’t end anytime soon (inflation is greater than the nominal interest rate even in parts of the world where rates are increasing), massive government debt from the United States to Europe, central bank buying, flat mine supply, physical demand, investment demand, emerging market growth, geopolitical unrest and conflicts, and inflation concerns…the list goes on.  It’s hard to imagine Gold not performing well in this environment.  The Middle East is being turned on its head and that could ultimately have major positive consequences for Gold.

Welcome to our site, or at least the initial version of it!  BMR has been online for more than two years and strictly through word-of-mouth we have built a loyal following. 

We’re continuing with our plans to ultimately build a very unique investment and money-management resource site that goes considerably beyond what we have now.  While we focus very much on the Gold market and trends in the global economy, and of course the technical health of the TSX Venture Exchange (CDNX), an important component of this site will always be original research on undiscovered junior exploration companies or small producers, mostly in the Gold exploration space, that offer very real and significant upside potential. We are extremely selective in the companies we feature and put forward to investors – we prefer quality over quantity.  However, investors must understand that these are still highly speculative situations and entail considerable risk, volatility and unpredictability.  Our stock coverage is for informational and entertainment purposes only and must not be viewed or interpreted as “buy”, “sell” or “hold” recommendations. Always perform your own due diligence and please read our disclaimer at the bottom.

We use a combination of fundamental and technical factors in determining the value and potential of a stock.  In terms of fundamentals we look for a company with a superb project supported by strong management.  Management must possess integrity, solid ethics and a determination to succeed and build shareholder value.

At BullMarketRun (BMR) we approach the handling of money from a biblical perspective and this is an important topic we will be sharing with our readers (and listeners) as the site continues to develop. The Bible teaches so much about money and how to handle it and invest it –  there are literally thousands of verses on how we should handle the money and possessions that God entrusts us with.  By examining the life of Jesus and reading the Word of God, we can all become fully equipped to be successful investors and handle money wisely.  If it’s the other way around –  if you’re a slave to money by being in debt for instance, or if you don’t respect the value of money and spend it foolishly –  you’re in trouble and you’ll never be blessed financially.  We have a God who thinks big – He created the universe – and He wants us to think big  in every area of our lives.  When we handle money from a Biblical perpective (His money that we have been given stewardship of) He will bless our financial decisions and an increase of tenfold or a hundredfold is always possible.  This all begins, of course, with a personal relationship with Jesus Christ by accepting Him as your Lord and Savior and putting Him at the throne of your life.  It is the most important decision you’ll ever make.

God Bless,

Terry Dyer

Owner/Publisher, www.BullMarketRun.com

Disclaimer:

BullMarketRun.com (BMR) is completely independent from any companies it covers.  BMR accepts no compensation of any kind from any groups, individuals or corporations for coverage of any company mentioned on this site.  We accept no advertising either.  Our stock coverage is for informational and entertainment purposes only and must not be viewed or interpreted as “buy”, “sell” or “hold” recommendations. No investment opinion or other advice is being rendered on any stock or company. We strongly recommend that you consult with a qualified investment adviser, one licensed by appropriate regulatory agencies in your legal jurisdiction, and do your own due diligence and research before making any investment decisions. The stocks we cover, by definition, are highly speculative and potentially very volatile. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase or short sale in these speculative stocks.  We are not Registered Securities Advisers. Our opinions can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Adviser operating in accordance with the appropriate regulations in your area of jurisdiction. It should be assumed that BMR personnel, writers and their associates may hold or dispose of or trade in positions in any securities mentioned herein at any time.  Owner/Publisher of BullMarketRun.com is Terry Dyer of Langley, British Columbia.

Forward Looking Statements:

All statements in BMR’s reports, other than statements of historical fact, may be forward-looking statements. These statements relate to future events or future performance. Forward-looking statements are often but not always identified by the use of words such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe” and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements.

Gold is looking to post its fifth straight weekly gain…as of 5:40 am Pacific, the yellow metal is down $8 an ounce at $1,750…it pulled back about $10 an ounce immediately after the U.S. employment numbers were announced at 5:30 am Pacific…Silver has backed off 39 cents at $33.97…Copper is up 2 pennies at $3.82…Crude Oil is 21 cents lower at 96.15 while the U.S. Dollar Index is off slightly at 78.86…

U.S. employment growth was unexpectedly strong in January with 243,000 new jobs created, lowering the unemployment rate to 8.3%…

U.S. stock index futures point to a very strong open this morning…

European share prices edged up this morning to hit a new six-month high, helped by encouraging macroeconomic data in the euro zone and the UK…the euro zone’s private sector economy snapped a four-month decline in January and expanded, albeit very weakly, according to a business survey that hinted the euro zone may avoid recession…Markit’s Eurozone Composite Purchasing Managers Index (PMI) rose in January to 50.4 from 48.3 in December, unchanged from a preliminary reading and above the 50 mark that denotes growth for the first time since August…

The TSX Venture Exchange jumped another 23 points yesterday to close at 1661, just 14 points below a level where it retreated from last November after a powerful run that started in early October…much has changed over the past month and 1675 will be taken out as the Venture is now in a bull cycle with 2000 our next major target in the coming months…any dips along the way – minor pullbacks of less than 10% for example – must be viewed as buying opportunities in a market such as this…the Venture is about to post its 7th straight weekly advance…it’s interesting to note that last November, the Venture’s 1,000-day moving average (SMA) provided resistance at 1675 – the Index recently broke through that still-declining SMA (it will reverse to the upside later this year, ending a decline that started in late 2008) and is now taking aim at the 500-day SMA which is flat at 1800…

This morning, John examines three situations that are looking very bullish (Adventure Gold, Cap-Ex Ventures and Arian Silver) and updates another (Canada Rare Earths) that we have been watching closely over the past couple of months…

We have written much about Adventure Gold over the last year-and-a-half and it remains one of our favorite plays in northwest Quebec…it’s blessed with strong management, a smart geological team, excellent properties and a very valuable major investor/strategic partner in Windermere Capital out of Montreal…AGE’s flagship property is Pascalis-Colombiere near Val-d’Or, a former producer immediately adjacent to Richmont’s (RIC, TSX) Beaufor Mine…we’ve speculated before about the possibility of Richmont making a move down the road to acquire Pascalis-Colombiere, or perhaps even all of Adventure Gold, as such a step would appear to be a strategic fit for Richmont…AGE closed at 46.5 cents yesterday on its strongest volume in over two months and the stock has finally broken above a downsloping resistance line as John points out in the chart below…the outlook for Adventure Gold in 2012 is very bullish…

Note:  John, Jon and Terry do not hold currently hold positions in AGE.

Cap-Ex Ventures (CEV, TSX-V) continues to work on a major iron ore discovery near Schefferville, Quebec, and the involvement of Forbes & Manhattan Inc. in this company gives Cap-Ex all the resources it needs to succeed in a major way…the chart looks solid as John shows below…

Note: John, Jon and Terry do not currently hold positions in CEV.

Arian Silver (AGQ, TSX-V) has done well since we pointed it out to our readers last month when it was trading in the mid-to-upper 20’s…AGQ is a small Silver producer in Mexico with an excellent opportunity to significantly expand resources and mill capacity at its flagship San Jose Project…AGQ closed yesterday at 38 cents…as BMR readers know, we’re extremely bullish on Silver and a company like AGQ provides investors with great leverage to a rising Silver price…

Note: John holds a position in AGQ (Jon and Terry do not)…

Canada Rare Earths (CJC, TSX-V) got ahead of itself on speculation last December and has dropped back into the mid-to-upper 30’s where it’s at a much more attractive level for patient investors…drill results from its Goeland Project in Quebec are expected this month…we like the project’s long-term potential but we’re not prepared to bet the farm on upcoming assay results just because the visuals were encouraging…John updates the CJC chart below…

Note: John, Jon and Terry do not hold positions in CJC.

Gold is quiet this morning…as of 5:05 am Pacific, the yellow metal is up $1 an ounce at $1,744…Silver is off 16 cents at $33.55…Copper is a nickel lower at $3.80…Crude Oil is off $1.06 at $96.55 while the U.S. Dollar Index has gained over one-quarter of a point to 79.12…

Dow futures as of 5:05 am Pacific are pointing toward a flat open…China is considering increasing its participation in the rescue funds aimed at resolving the European debt crisis, Chinese Premier Wen Jiabao told journalists this morning…but Wen did not made any explicit financial commitments for the European Financial Stability Facility (EFSF) or the upcoming European Stability Mechanism (ESM)…

Powerful January For CDNX Bodes Well For 2012

The TSX Venture Exchange put in one of its best January performances of the last decade by posting a gain of 10.28%…history shows that this is an extremely bullish sign for the balance of 2012…other years that included a strong January were 2002, 2003, 2006 and 2009 – the CDNX gained in each of those years and jumped over 60% in 2003, over 30% in 2006 and a whopping 90% in 2009…

Folks, at the risk of sounding repetitive, a major new bull run is underway and some savvy Venture Exchange traders and investors we speak to agree there has been a fundamental shift in sentiment in recent weeks…many investors, however, are still looking through their rear view mirrors and don’t accept that point of view which is just fine – we heard the same denials of a bull run during the first quarter of 2009 and in the summer of 2010…the market needs these “Johnny-come-lately” buyers down the road…

John’s most recent long-term CDNX charts are so important we’re posting them again…look at them closely…a return to the 2006-2007 highs is definitely in the cards and those who catch on to that now could end up with huge pay-days…a likely reversal to the upside in the 1,000-day moving average (SMA) during the second half of this year will be a very important technical event and will add fresh fuel to this market…

CDNX Chart #1

CDNX Chart #2

Here’s another interesting statistic which pertains to the U.S. markets…since 1948 they have gained every single year in which a sitting President was running for re-election…in the 14 elections since 1928 that involved a sitting President, the S&P 500 has jumped an average of 14.6%…

Speaking of the S&P, earnings beat projections at 67 % of the 198 companies that reported quarterly results since January 9, according to data compiled by Bloomberg…analysts forecast profits in the S&P 500 will reach a record $104.58 per share this year after increasing almost 125% since the end of 2009, the fastest expansion in a quarter century, the data show…

We have a few other charts to share this morning…below is a comparative chart for the month of January that features the CDNX, the TSX Gold Index, the U.S. Dollar Index, Gold, Silver and Copper…it was a fabulous month for Silver which looks set to be an out-performer in 2012…

Kaminak Gold Corp. (KAM, TSX-V)

One of our favorite Yukon plays, as readers know, is Kaminak Gold Corp. (KAM, TSX-V) which announced this morning that it will commence a $17 million, 2012 Phase 1 drill program at its Coffee Project consisting of a minimum of 50,000 metres beginning in late March…this will lead to an initial NI-43-101 resource estimate for the project…KAM closed yesterday at $2.37 and its chart is now looking very bullish as John shows below…

Note:  John, Jon and Terry do not currently hold positions in KAM.

Armistice Resources (AZ, TSX-V)

Another situation investors should keep on their “radar screens” is Armistice Resources (AZ, TSX-V)…we have mentioned this company before…Armistice is developing the McGarry Project in Virginiatown, Ontario, immediately adjacent to the Kerr Addison Mine which produced over 11 million ounces of Gold…

Note: John holds a position in AZ (Jon and Terry do not)…

Rainbow Resources (RBW, TSX-V) Update

Rainbow continues to look exceptionally strong and any minor weakness, like yesterday, has to be considered a buying opportunity as Rainbow is expected to announce the completion of its private placement at any point now which will open the door to another potential breakout as John’s charts have shown…President David Johnston told us yesterday he is “eagerly anticipating” Moose Mountain’s comprehensive report on the company’s Big Strike Project in the Kootenays…this is due very soon and will include historical data as well as work performed by Braveheart Resources and Rainbow…strong news flow, which is expected according to Johnston, will add a lot of “meat” to the bones of Rainbow and allow RBW to attract a much wider following…with a current market cap of just $5 million, it is our favorite speculative pick for 2012…Part 2 of our Rainbow article is coming next week…

Gold is stronger this morning but the yellow metal is now trading in an area of short-term resistance between $1,740 and $1,750…as of 5:45 am Pacific, Gold is up $10 an ounce at $1,747 after reaching a high of $1,754…Silver is 72 cents higher at $33.85…Copper has gained a nickel to $3.84…Crude Oil is 26 cents higher at $98.74 while the U.S. Dollar Index is off half a penny at 78.83…

Stock index futures in New York are pointing toward a strong opening…European markets are up over 1% today as better-than-expected manufacturing data came out of Germany and the UK…

S&P 500 – Best January In 15 Years

The S&P 500, which posted its best January since 1997, caught traders’ attention yesterday when it triggered a “golden cross”, meaning its 50-day moving average (SMA) rose above its 200-day SMA…that’s seen as the signal of an uptrend but some analysts see it more as a psychological positive, confirming a move, rather than as a major signal…

China’s PMI Rises

China’s factory sector expanded slightly in January, confounding many analysts’ expectations for a contraction and supporting hopes the world’s second-largest economy will avoid a hard landing, a government purchasing managers’ index showed…a similar HSBC survey showed the sector contracting the least in three months, further backing the view that a downturn in manufacturing may be bottoming out as the government adopts modest measures to support growth…the official PMI rose to 50.5 in January from 50.3 in December, beating market expectations of 49.5 as new orders rose to a three-month high…a level of 50 demarcates expansion from contraction…”This suggests that the manufacturing sector has stabilized somewhat due to supportive fiscal and monetary policies,” said Li-Gang Liu, China economist at ANZ in Hong Kong…”Indeed, the stronger-than-expected PMI supports our baseline scenario of a soft landing”…

TSX Gold Index And Venture Exchange

The TSX Gold Index gained 8% in January, closing yesterday at 389…that was slightly below the 9.9% jump posted by the Venture Exchange…below is John’s updated chart for the Gold Index which is looking quite positive after a major plunge in December…

The CDNX appears determined to challenge resistance in the near future around 1675 where it was turned back in November…the Index has much more underlying strength right now so if it doesn’t make it through 1675 on its first attempt, it’s just a matter of time before it does given the bullish new dynamics…

Canaco Resources Rebounds

The chart for Canaco Resources (CAN, TSX-V) reveals how sentiment has changed on the Venture Exchange…Canaco was in a steady decline since hitting an all-time high of $6.45 nearly a year ago with the stock bottoming out at $1.07 in December…yesterday, it gained 25 cents to close at $1.70 on 2.7 million shares (all exchanges)…the company has drilled over 400 holes (110,000 metres) since 2009 at its Handeni Project in Tanzania, and an initial NI-43-101 resource estimate is expected by the end of this first quarter…a Preliminary Economic Assessment (PEA) will follow later in the year…the company is drilling 10,000 metres per month at Handeni with nine diamond drill rigs and one RC rig…some drilling is taking place outside of the Magambazi discovery area with the objective of making a new grassroots discovery in the Handeni region…technically, CAN is looking a lot healthier these days – take a look at the triple bottom and the increase in buying pressure…

Note: John, Jon and Terry do not hold positions in CAN.

Gold Canyon Reports Solid Assays, Updated Resource Estimate Delayed

Gold Canyon Resources (GCU, TSX-V) has delivered more impressive drill results from its Springpole Project in Ontario…hole SP11-106 intersected 127.5 metres of 3.51 g/t Au (418 feet at 0.102 opt) including 50.0 metres of 7.73 g/t Au…meanwhile, hole SP11-107 cut 130 metres of 0.72 g/t Au…SP11-106 tested deeper parts of the mid-section of the Portage zone and the high-grade intercept falls approximately 170 metres beneath the area where a near-surface vertical hole (SP11-040) last year (March 15) intersected 100.5 metres of 7.23 g/t Au…this newly recognized high-grade chute remains open at depth as does the entire Portage zone…that was the good news from GCU yesterday…the not-so-good news was that the company’s much-anticipated updated NI-43-101 resource estimate for Springpole has been delayed once again and won’t be released in January as indicated by GCU in December…technically, GCU’s 50-day moving average (SMA) has reversed to the upside which is positive but the stock certainly faces resistance around the $3 level at the moment as John showed in a recent chart…

RoxGold Resources (ROG, TSX-V)

RoxGold Resources (ROG, TSX-V) which is developing three major projects in West Africa, has a fascinating chart as the stock absolutely defied last year’s market weakness…one of our readers mentioned this company yesterday, so below is a chart from John…he’s somewhat cautious regarding ROG from a technical standpoint – how long can the upsloping wedge remain intact? – but the company is sitting on piles of cash and has been delivering very good results…in addition, of course, the overall market has turned positive…

Note: John, Jon and Terry do not hold positions in ROG.