There is a sense that gold will not be denied this time around as any attempt made by the cartel to suppress the price is met with equal or greater demand for the shinny metal. The gold chart has almost completed the mult-month consolidation and appears poised to move higher. I can't see a breakdown, yet have leaned to never bet against the power of the cartel. These long sideways chops are usually followed by explosive moves.

ECU and many of the other solid juniors are enigmas right now. It has been almost 3 years to the day since ECU hit an all time intra day high of $3.65 and since then over 347 million shares have been traded. This consolidation should have ended long ago had it not been for the perpetual capping and shorting techniques imposed by the short-of-gold gang. I added to my position yesterday.