Good morning traders!

In the US last night, the Dow lost 217 points at 13,784, the Nasdaq fell 46 points at
3,116 and the S&P500 shed 28 points at 1,488.

In Asia today, the Nikkei was recently down 277 points at 11,385 and the Hang Seng
off 191 points at 22,629.

WTI crude oil traded at $92.10 a barrel and Brent crude at $114.44.

Gold settled at $1,594 an ounce.

Good hunting!

G.

Opening Market Overview

Here we go again >>>>>>>>>>

Moody's downgrades banks' UK government-guaranteed debt

Moody's Investors Service has downgraded to Aa1 (stable), from Aaa (negative), the backed long-term senior unsecured ratings of Barclays Bank and Lloyds TSB Bank.

These ratings are guaranteed under the UK government's National Loan Guarantee Scheme (NLGS).

The move follows the weakening of the UK government's credit profile, reflected by Moody's recent downgrade of the UK's government bond rating to Aa1 (stable) from Aaa (negative).

All other ratings of Barclays and Lloyds remain unchanged. In addition, all standalone and unguaranteed ratings for other UK banks rated by Moody's are unaffected.

GWMO overhang gone..ticking up on small volume...back to 10p on drilling update

Watch GWMO ...massive potential �2m mcap 64 million shares tightly held

one GWMO Nevada properties assets worth upto $15 billion ....they have SEVEN proprties in Nevada ..

-------"Target 4"

-------"Independent exploration targets, compiled in accordance with the JORC Code established;"

-------"oxides up to 48.5 million tonnes at 0.3% to 0.5% Cu"

-------"sulphides up to 195 million tonnes at 0.3% to 0.8% Cu"

So that's 145,000 to 242,500 tonnes of copper yeah?
and then 585,000 to 1,560,000 tonnes of copper ok?
add 'em up 730,000 to 1,802,500 tonnes of copper?
$8215 per tonne = $5,996,950,000 to $14,807,537,500?
Is that really $6b to $15b at the upper target?


The target models are now believed to consist of the following possibilities:

Table No. 1: Potential Target Models
Model Mass, Tonnes Grade

Disseminated Silver 25 Million 102.9g/t Ag
Disseminated Oxide Copper 25 Million 0.6% Cu
Epithermal Silver Vein 3 Million 514.3g//t Ag

http://www.greatwesternmining.com/

End-of-day Market Overview