Hi Folks,
Yeah i know many think that the stocks are all over bought but they are for a reason because they have been way over sold for about 2 years now. This is when shit hits the fan there is only so much you can do to try and prop the market up until the natural forces kick in. Its canada day and the dow is down, gold and silver are flying! Can you say HOCUS POCUS! LOL Look at the auto sales today from ford, Gm and Chrysler they are all taking a beating! The wall of inflation will only continue to worsen, people will continue to loose their jobs and retail prices will continue to sky rocket but wages will remain constant if not only cut backs wil occur. Based on todays actions i expect all PM's to gap up in tomorrows trading day. We have yet to see silver up a full $1.00 but that day is coming and that will set the levi for what will happen in the weeks to come.
It is in all juniors companies to start releasing any positive news that they have as these stocks are now in acceleration mode. They are no longer being sold off they use it as amo to continue there trend higher. If you are invested in ECU it is one of the best amongst its class and its in a great sector that is only going higher! Do not except the 10 to 20 cent gains, this is the time you become greedy and let your position work for you! They will run twice as hard as they did back in 2005! They say the cycles last 2 years this one is going to be wicked!
cheers to all the longs
sharky