Thanks Coach,
Sticking to the facts is very encouraging to read.
I posted this on SH and would like to share it here. While I have a chance.
ECU has been in a virtual holding pattern for months while we waited for the end results of the 43 101. Now we have them. My opinion is ECU will be taken seriously now. The big players are not in a hurry because the whole sector is being (fit what ever word you chose in here) held down for various reasons. All of them valid in my opinion. Why would the CDNX be so divergent vs XAU, HUI, Gold and Silver. So right now either by force or market movements we are here. Anyone wanting into ECU and other companies (Look at SLW ; talk about being forced by naked shorting just before the Goldcorp sale if that wasn't blatent; nothing was) will slowly pick up the share those who just can't take it anymore. I agree sometimes when things don't work out with a company you have to let go. However, ECU the company, not the BB, has given me no reason to let go. It has been tough. I have had to let go of other companies ( I will not mention them). SLW and ECU were not on the let go list as painfull as their take downs have been at times. I know they have the goods.
Getting board with my calculus homework I decided to do a statiscal check on the Friday vs Monday close prices on Gold over the last 5 months. Here is what I noted: 15 weekends when Friday was down the Monday was up: 6 weekends the Friday and Monday went up. 0 weekends Friday down and Monday down. In fact giong back 2 years I can note the Friday to Monday down days occur in the summer months normally and are still weak in numbers. The favoured trend in the stat is mondays are opposit to fridays or go up when fridays are also up.
I will put odds on Monday closing up. But this is only odds and my opinion. The 21 to 50 Day moving AVG golden cross noted in July has not been violated. This was at a time when some were calling the demise of gold including Frank Barbara ( which he alone was willing to admit hisTA failed.)
By the actions of the negative reports to the movement of PM in a 1 to 2 day span prior to their release I suspect tommorows Job cut report and factory orders are bad.
All in fun and only my opinion
Reg Mills
