Still digesting the short numbers but for sure it's been created by more than one entity and although part of it could have some relationship with the last financing I'm doubting this more after this recent report. It now appears to me that maybe an entity not involved in the financing may have decided to exploit what they perceived as an opportunity during a gold/silver corrective period that has last since early December 2009. The financing may have emboldened them in a corrective market and they are betting ECU can't make money on production as I can't see what else it could be. This in my view is a suckers bet and they are very wrong but that doesn't mean they can't make money given the fundamentals and technicals of the last 60 days but they have to cover to make money and they must cover a lot of shares to make up a 6 million short.

The regular traders have certainly exacerbated this down turn and very likely some people who we consider friends have also helped it down. I have been buying the weakness since .70 cents on down, at every penny. I have a friend who thinks this is pennies from heaven and he has bought over 1.1 million all the way down. I wish I could say when it will end but I don't know, I only know it's cheap and you make money by buying weakness created by others and frankly even the reason doesn't matter, only the weakness.

I believe 100% that Embry and Sinclair will be right and highly likely within the time frames they have stated and I expect this will create major moves higher in gold/silver stocks.