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The major markets are in retreat again this morning but Gold is back to $1,200 an ounce…

The action in the CDNX this morning suggests the markets as a whole are ready for an immediate strong bounce to the upside…

This is not a time to be dumping stocks overboard – rather, it’s a time to be sizing up opportunities to buy beaten-down quality junior resource stocks that will likely be significantly higher three months from now…

The bloodletting on the markets seem to be exhausting itself at the moment so a bounce to the upside shortly seems quite probable…

An important update on the CDNX from BMR’s technical analyst…