Don't know if this means anything or not but I just compared 4 distinctively different gold stocks, 2 virtual unknowns and two well known, way undervalued ones...ECU being one of them.
They all have extremely similar volume patterns since the beginning of October...very high spikes to lower. ECU is the exception today on volume but I noticed the asks way higher than the bids on close. All the other 3 stocks went down on recent good news.
The boys are still out there and I'm curious to see where ECU goes this week if gold stays relatively in this area. Trying to figure this market out is truly the challenge of our times...especially with all the input from so many fundamental, technical, analytical, geopoltical, prophetic and astrological sources.
I don't know about you folks, but I keep looking at those massive, historic, building shorts in gold and silver, contrasted with all the bullish comments lately on the PMs (with even Gartman straddling the fence..not that I don't think he's not a front man), Nadler's almost too cocky sneering, the exuberance in the gold camp...and more...and I wonder if we are being set up one last time.
As most seem to sense, we are on the edge of SOMETHING. What is it?