This was no surprise to me this week that we would touch 2.00 after being ovesold and hitting a double bottom of 1.65. As Gold and silver continued to soar with a PR we were able to increase the bids and a significant amount of volume began to pour into ECU.
Note that we did gap up on thursday so it wouldn't surprise me if we retest the 1.84 area to fill teh gap and moveforward. It seems as though many are watching the stock but need more news to pull the trigger! If we get NEWS next week on DRILL RESULTS that could be the catalyst to push the stock above the 50 day moving average! I am very very bullish on this happening withing the next 5-7 business days!
We all got a taste on how quickly she start to run when she has momentum! Its a funny formula but people love buying the stock at higher prices, so let it be as we will start to see ECU move to higher levels within the weeks to come!
There is no better sector to be in right now as the PRECIOUS METALS ARE THE PLACE TO BE!
Altman keep doing what your doing! Just keep in mind us veterans want to see the NEWS flow just like in 2006!
T.M