Indeed it was gwr and if past performance is any indicator, then we should follow this up with another solid day tomorrow not withstanding a takedown in gold and silver.

The shareprice appears to be approaching an inflection point. Something will have to give very soon...either we see a break down below long-term support or there is an overdue and sustained break above the 200 dma. With great strides made on the milling front and expectations of becoming cash flow positive in the very near future, I would not place too many bets for a breakdown, especially if gold moves to all time highs in the coming days and weeks as expected. In fact, my bet is on the latter and I have backed that up by accumulating more shares in the recent weeks.

On a side note, I found the Marc Faber interview on Bloomberg extremely informative, especially since he was one of the few who successfully called the DOT.com and real estate bubbles. I’m reassured knowing he considers ECU to be “potentially one of the largest silver deposits under development in the world” with valuations at multiples of the share price. The time for ECU is approaching.