Good evening Peregrine Diamonds.

The holidays have pulled me away from the computer the last little bit, but, today's trading in PGD felt different. We'll have to watch close over the coming days to see if we can get a clean break above 44 cents on some volume... should it happen, it may be time to double down on PGD.

44 cents has held nicely for some time... perhaps 44 will fall. Not sure what news will push this that isn't already out there... perhaps those who wanted there position will have taken it, and those tax loss sellers will be done selling. Either way, keep an eye open.

This story is a good one in an otherwise brutal market... aside from gold and gold shares.... defence is likely the order of the day.

Keep Jim Sinclair's website on, jsmineset.com, and pay attention. 09 may be a "tizzy" for many different reasons.

Happy holidays Peregrine faithful.

regards

cwallace