The charts for gold and silver are once again painted by the new york criminal element. It could not be more obvious. This is the kind of thing that would get 99.99% of the people in jail for perfomaing these acts, but there will be no jail for the criminal elite.
ECU will not perform postitively in this environment. ECU is a quality organization with good value and good fundamentals. The sector itself is hurting due in part to the criminal element ravaging many juniors, the lack of investing cash by the usual investors in the segment, and the ilegal manipulation of the metals.
Though it is frustrating beyond any level of comfort, holding on is, for me, a ballancing act between what I know to be a valuable assett and the influence of desperate thieves with a get out of jail free card. My emotion says sell and wait out the despicable acts of the filth from new york. My reason tells me that when they lose control the intital movements will be violently upward. I'll choose reason and a cup of coffee this morning.
The rest of the world is now reacting to the obvious manipulation. Its a big ship and will take a long time to turn, but turn it will. The desperation that they currrently demonstrate is the sign of pending failure. I want to be "in the game" when they fall on their shields.
Hang in my friends. Our time will come.