http://club.ino.com:80/trading/2010/03/gold-surprise/

So above is Hewison's commentary and video. It's interesting because every technicrat on kitco is saying that we're all Bull now....however Adam, the lone ranger says that we're in a trading ranged and if history has anything to say about it, we're in it for a LONG time (think months say about another year or so). Given today's drop, it seems Adam Hewison maybe correct. I only potentially disagree with him in so far as the duration. I think it's possible that we're experiencing a range but it will be a shorter time frame.....September.

Sinclair also seemed to think something is brewing on the horizon and it will impact gold within 4-6 weeks....we're in the 2nd week.....who knows maybe this new downsignal is simply an overbought condition that needs to be flushed out and a fresh set of stochastics will emerge as a result. And Sinclair is indeed correct, but not until another act of desperation sets in. Even though hewison has been right a lot of the time, i don't follow technical signals anymore when it comes to the fundamentals of why one should own gold....and silver.

Anyway, the way to trade this market is to keep enough powder dry ....so that you can live an eat. The rest you just hold and wait....and let the waves come and go.....the definitive wave is UP.....timing is the issue.

As for ECU....i have absolutely no opinion, other than to say that it will come under pressure when they decide to pony up for a 1500 tpd mill .....where will they get the money from....