I have been reading the comments here for a while. I don't get much time to monitor events. I take a daily read in the morning then in the evening to make my decisions. This has helped to take the emotional edge off. I learned a long time ago one day doesn't make a trend. Trend is what I look for.
ECU has been at the bottom of a long sideways channel for over a year. The occasional spike down for the lucky few, way to fast action for me. This is definataly not the time to sell ECU if a long player. Over the last 2 years ECU may have just put in a 1 in Aug 07 and 1 in Jan of this year. Now I expect the Trio to push their advantage since they will want to finance in the future, it would be in their intrest to get the price up. Also, as a question, they have been paying down their debt and had their intrest rates lowered; would it be in their best intrest to borrow the money to build or find a JV with a larger Company?
I am not interested in who is more right than who. They don't decide for me. Therefore it has been refreshing to read mostly facts on ECU with less conjecture. I can do that on my own. The civil aspect of this forum makes it easier to monitor than sifting through the name calling.
Gold may have closed up according to Kitco. But I did my stats on stockcharts. So I will have to wait until tommorow. The other thing of intrest is when Gold closes low on a friday the following weekly close is higher than the Monday close. Again these are only general observations in a bull market: not absolute.
Thanks
Reg Mills