Hi Sketch!

Contrast that analysis from Narcini with this piece written by Roslin on Tuesday:

http://www.kitco.com/ind/roslin/feb252008.html

So Roslin is out of silver because the open interest has reached a band that previously had generated a top.  So long indeed Roslin, and may you live to regret your move.  But more importantly, the reason why silver is set to make the move of a century is because so few people appreciate that the shorts could be wrong.  Historically, the commercials were able to always win because the longs did not have the commitment to stay long when the chips were down.  This time around the silver stockpiles are just not there to feed the market demand, and allow the shorts to cover.  Something has to give.  A handfull of the commercials have figured it out and are covering, but the large majority of the short interest is doomed if in fact we do get a serious squeeze, or a commercial signal failure as the analysts like to call it.

There is nothing more satisfying that standing firm in a winning position when all other market participants have faded.  Those silver bulls who have put up with the nonsense for more than a decade in this sector are overdue to get rewarded.  And the juniors like ECU that are sitting on monster silver deposits are also long overdue to get recognized in the market.  Velardena is a world class deposit, and growing.  ECU will not stay out of favour forever.  I have watched vastly inferior juniors like Orko Silver ride into favour while other juniors that actually have the goods are ignored.  Our time is coming.

cheers!

mike