Elray Resources Inc (ELRA)

[Taylor Orion]

Interest rates have to come up, at this point. We are starting to see that inflationary trap set up, along with the major issues with agricultural resource pricing due to the droughts and problems in base level crop productions over the past few years. Good things- higher organic US oil production and lowest levels of unemployment in years. With higher interest rates, maybe companies will stop holding onto so much cash and investing back in their own businesses instead of playing the stock market with everybody else. None of this effects ELRA, but I like to stay in touch with big picture economics as well. I actually am not sure we will see more decline tomorrow anymore, with how the trading has been cycling this week. Actually might end up seeing a 15% rise again, and pending news and the 10q, more positive action next week.