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Oil and related equities began to bounce back today in the aftermath of the news that France and Germany would go to any means necessary in order to support the ongoing health of European banks through the Greek debt crisis.

European debt crisis plus the possibility of a U.S. recession are combining to produce a major buying opportunity at current levels, or a plunge below DJIA 10,000.

Analysts are losing more and more confidence in banks with downgrades leading the top financial institutions to 52-week lows. Bargain bin hunters continue to push shares up on the slightest bit of good news, but how long can this continue in light of the harsh realities facing this sector?

The recent success of gold miners is encouraging for Samaranta Mining Corporation (SAX), especially following Tuesday's announcement concerning the company's recent Magnetometer and Gamma Spectrometer (Radiometrics) survey. The survey, which occurred on four separate blocks, including the company's key asset, the Guadalupe property, yielded optimistic results; identifying eight areas demanding follow up.

Financials were mixed today as a delay on a vote from Slovakia in support of the financial measures for European banks casts another shadow of doubt on the global economy.

Shares of Pepsi, Kennametal and Energy Transfer Partners seemed to have lost more ground than they deserve alongside the broader exit from equities and hiccups within their own business. At these levels, they look like strong buys again.

Gold miners are climbing higher and Samaranta Mining Corp., which has interest in Colombia's rich mining industry, could be poised to benefit should the trend continue.