Don't waste your time trying to figure this out as flipping a coin will be equal to anything you, me or anyone else comes up with in markets such as this. A value investor like myself doesn't care about the technical bottom for the HUI or ECU for that matter as long as I'm not leveraged and can't be intimidated by traders or stolen from by market actions. The only thing I know for sure is bottom callers and top callers is a mugs game just like day trading, by value, by management, buy the right sector, buy large growing resource, and then let it work and look longer term. This formula works no matter the recent unprecedented financial situation and monster stock deleveraging.

We are experiencing the worst financial crisis seen in decades and have been in it for well over a year so far, the contrarian view would suggest we will see a rally at the very least and shortly as more money is printed than anyone could ever possibly envision, the consequences of which is certainly predictable going forward, inflationary. The coming inflationary environment will be substantial and probably create a substantial bullmarket which of course will likely end badly but that's a story for a few years down the road. Gold/silver will take off when least expected or at maximum pessimism and as in all bullmarket moves take as few people with it as possible, don't be left behind.

I also have been adding to my large ECU position since the summer and I don't really care whether I have bought at .75 or $1.75 as this will prove to be cheap going forward. Just a different view and certainly a non-traders point of view.