I believe the sub prime problem is going away. The fed has cut interest rates big - 1.25% recently which brings that fed rate down to 3% money. 3% money saves a ton of banks as well as mortgage holders that are renewing at much lower rates. Many US banks could not have survived another month without these recent cuts.

Lowering these rates also devalues the US dollar which is great for their exports. Who wants to buy Euro produced goods and services for 40% more?

Lower interest rates forces people out of bonds and back into the stock market. I know, there will be all sorts of stories about how it's different this time, just like the world markets are suppose to be unplugged from the US market but nearly collapsed just before the FED cut announcement. As usual big money steps in just in time to get rock bottom bargain prices to acquire US businesses just before everything falls apart. Look at Buffet- commits 44 billion to insurance mortgage business - no competition left and can charge what he wants. But before Buffet did that, everyone predicted the complete collapse of the mortgage insurance business, banks and everything connected to it - just like they did in the last down turn - joke. Arabs are investing billions in US banks - who else but the American will pay 100 per barrel for oil at their consumption rates?

I have learned never underestimate the what the American consumer and business can do with cheap 3% money and the resiliency of the American market. The party is just getting started again in my opinion.

I think these recent rate cuts spells BUY for junior metal miners, especially those located in Canada.