Markets continue to trade erratically this morning…as of 7:45 am Pacific time, Gold is down $11 an ounce to $1,198 but should have strong support around current levels…the CDNX, the Dow and the TSX are now trading below their 100-day moving averages which is cause for concern…the fact the CDNX has been so weak recently relative to the price of Gold is also troubling…no doubt we will see much volatility again today in all markets and it’s impossible to say how this trading day will end…we could see a bloodbath today or a “hammer” reversal…the CDNX is currently down 19 points to 1544 and needs to stabilize and reverse quickly…the TSX and the Dow are each off over 200 points…Gold Bullion Development (GBB, TSX-V) is down half a penny to 35 cents…GBB is in strong shape with a major drilling program underway and enough cash in the bank to get them through any short-term market upheavels…North Arrow Minerals (NAR, TSX-V) came out with an update on its activities this morning…NAR is up half a penny on very light volume…this is a great stock to accumulate on any major market weakness…Ventana Gold (VEN, TSX-V) was halted this morning and released news of a settlement with regard to the title dispute with its La Bodega and La Baja properties in Colombia…this will remove a cloud over Ventana but at a cost of $48 million to the company which essentially drains Ventana of its cash…a $50 million pay-off however is probably a small price to pay for such a huge deposit…how this may impact the perception of doing business in Colombia is a good question as what this really amounted to was extortion…Ventana will have to arrange another major financing but they won’t be doing so from a position of strength as was the case last year…a takeover of Ventana is a growing possibility, so shareholders could benefit from that…