In spite of gold taking a $125 hit over the past three weeks, the Venture exchange has been relatively unaffected as indicated by the CDNX:GOLD ratio shown in the following chart, even reaching a new 52-week high. BTW, this ratio currently at 1.33 is still multiples off the all time high of around 5 reached in 2007.

The juniors have not look this good in over two years (IMO) and almost all the companies I follow have certainly bottomed at some point during 2009 or late 2008. GOG even came close to a 52-week high today ($0.24) so the sentiment definitely is changing.

The recent strength displayed by the juniors is convincing me 2010 should be the year they shine...again. I know Babaoriley has heard this ad nauseam, but I really feel ECU and other juniors are close to finally making a significant move. The shorters will find it increasingly difficult to suppress prices once demand increases and will have to cut their losses.

I don't normally like to make predictions, however I will suggest that the three year down trend for ECU is finally broken sometime in January.

Are you listening IP Financial?

A merry Christmas to all the good people who post and read this forum.