Great stuff VHF!

I can now relax re my one US PM stock....I think. I wonder how this will affect/influence the ongoing naked shorting in Canada...which some say is not a crime?

I note Argoz and may others have obtained their ECU share certificates. I'm wondering if there are "intermediaries" here in Canada (Canacccord for instance) that may still be involved in such trading practices. This could put shareholders in peril should such a company ever default due to it's losses in the derivatives/subprime/ABCP settlement markets. If an such intermediary has counterfeit shares out on default...whose going to pay? I know the brokers are off the hook.

Hate to bring this up on such an exhilerating morning for the PMs, but we really have to be wary here. Rumor has it that there are other shoes soon to drop in the financials which will create futher unwinding of unbacked obligations.

We read just this morning that the Canadian Banks have $800 billion risk exposure to an outright bankruptcy of AIG and their reliance on the opaque credit markets that link them to risk sharing. Royal has $300 billion notional exposure, many times greater than it's entire value. What will be the value going forward of certain of their "assets?" How involved have all the investment arms of Canadian Banks been in the shorting/naked shorting of ECU alone? Who has acted as their trading "intermediary" and how solvent are they?

I am hoping that the ongoing flood into the PMs will solve all such above concerns as the big boys delete their short positions and go long...as it tentatively appears to be the case, if ever so premature here....although all the indicators could not be more favorable should the interventions desist.

Let's hope we have finally turned the corner this morning and that ECU for one hits it's true stride/value and then forward speculative value. ECU, as many here believe, should be trading anwhere from $5 to $20 today with huge upside potential.