Hi gwr1,

I think they were sitting on it hard, but not very effectively. After dropping it down to 17.07 it's been in fairly serious defiant mode and is now up over 27.60. In the old days we'd be sucking on a 25 by now. Now every time they take their foot off the suppression gas they move backwards... rapidly!

The key thing is this... if silver stays over 27, look out. As far as ECU goes, what a bargain... with the firm foundations the board has now provided us with and the prospect of relatively high (or low depending on your politics) silver prices, how could anyone look at the company as see risk in an investment at this price? As some of the guys pointed out yesterday, a number of our peers have really responded to silver whereas we have only just begun.

Anything less than 2 dollars by year end will be disappointing.

By the way, one of my buddies just put some cash on a JP Morgan PUT option... think I'll join in the fun.

Good luck to all

Soul