The most common question I see about ECU is, when is it going to finally start moving higher again?  I have wondered the same thing, and I had figured once gold broke the all-time highs, that ECU and all juniors would go nuts.  Wrong...

Now I am rethinking the question, and the obvious answer is silver, not gold.  ECU is a silver stock, and although there are some high grade gold veins, most of the deposit area is leveraged to silver.  Now silver has not done much during the last year or more.  Gold seemed to take forever to break $600, but it has powered past $800 in just a year.  It may break $900 this week.  But silver has corrected back and then waffled in a range.  Maybe that is the key...

It should be noted that the average investors still have no clue about gold, and silver is even further off the radar screen.  But it should also be noted that when the move comes as retail money starts flowing in, much of the buying will come from people who are reading analyst recomendations.  And the analysts do get it.

So back to ECU, perhaps when we see silver light up and make a move towards $20, which would still only mirror what gold has done in the last year, then I think ECU is on its way.  The fact that should never be forgotten is that ECU controls one of the few large, advanced silver projects for which there is already extensive development in place.  When investors get into a mania and start scrambling for silver leverage, I would expect ECU to be front and center for a lot of that attention.

I bought 6000 more ECU shares for my trading account today, and 2000 more for my core account.

cheers!

mike