Well, all the signs point to a unanimous agreement for a seasonal rise in the PMs. It is interesting to note how many "main stream" banks/brokerages have now given the "cautious" green light for gold to move up. Gee, RBC put out a report that estimates gold averaging around $930/oz. in 2009!!! Time to buy Yamana, Agnico and Goldcorp to get the leverage, they advise wisely. Thanks for the"tip". A kaliedescope of BNN guest analysts yap about the "high risk commodities" in the same breath as they talk about the bottom for financials and prospects for a strong U.S economy in 2009. Potash and corn and all manner of agricultural commodities have topped. Time to look hard at the technical stocks (yet again), the Procter and Gambles and the health care sector. We are assured that the Freddie Fanny fiasco is no where near as threatening as the S&L disaster of long ago. People gobble it all up.

We await with baited breath for "flip-flop Gartman" to come out with his "buy" on bullion before we all anxiously rush in. We take heed of Goldman warning about the dismal prospect for gold ( as they go long and try to get out of their remaining shorts). We note global shortages of both gold and silver physical which is reaching enormous proportions as demand increases ... but where is the paper reaction? We twist in the wind with nail-biting anxiety for Nadler's next gold-sniveling report.

Just another late August day in the global markets with nary a whisper of the quadrillion dollar global derivatives monstor, within which is "hidden" a lethally leveraged gold and silver debacle...with western central banks/hedge fund owning billions of dollars of now panic, short positions. Who knew???

Meanwhile, China is about to wrap up it's party and attend to serious business such as it's momentously amazing economy and it's it's creditor relationship with the U.S., whic is an economy in twilight that needs umpteen billions of loans daily to support it's military hegemony, amongst other little ditties. Don't get me wrong folks, let us not forget that the big bad U.S. is the only thing seperating us all from a fate that will be far worse than worrying about the global markets... like our contemporay freedom and peaked, fabulous standard of living. We Canadians couldn't survive a war with Sweden... and Saudi Arabia could take us out in about a week. Don't worry, the Canadian Gov. is doing a tremendous job of maintianing it's four military Yukon Twin Otters that are about 40 years old and must remain in service until 2015. It makes me sick. But hey, we have multiculturism and we are the world's depository for criminal predators of al types from terrorists to deposed tryanists and war criminals. A refugee is a refugee.

Better quit now. ECU should start t perk up soon as per the informative posted commentaries from our wonderfully informed and responsible group here. Every once in a while I review the fundamentals of ECU and shake my head at it's incredible value and the fact that there are those out there who have actually persuaded others to sell in the face of ECU's unassailable positon as one of the world's "best of the best", silver/gold, explorer/developer/miner resource plays.