Hi Hobbers!

I used to get all scared when we got these obvious takedowns. Hell, watching the trading for the last 3 weeks it was obvious we were going to see at least one more major manufuctured takedown coming. The Cartel showed up to cap the hell out of gold and silver anytime a breakout was threatening. We did not have single back-to-back up move for gold in July. All of this while the commodities were showing strength, the dollar was crashing, and the gold fundamentals are screaming bullish.

I did not expect any upside this month. I think this week things will simmer down and then I think we will get some fireworks in August. I did some buying today on a few juniors that I was hoping I would find on discount with a takedown. I am sure other people are smart enough now to wait for the Cartel to make their move before buying.

Planetary alignment be damned, this is nothing new. We get this every single month at Comex op-ex week. So I am not going to stock up on bottled water just yet. ECU shareholders should be a very committed group by now after all the nonsense we have put up with in this stock, and in this sector. If you are laughing, its because you have seen it all before, and each time we bounce back.

cheers!

mike