From brother Tim in Phoenix...

technical update

Hey Bill, With gold closing above $1107 (and a 3 month downtrend pennant) and silver closing over $16, both metals confirm reversing course today after breaking one year plus uptrends just recently. Plus, the interest in gold right now is even lower than we saw when trading at $900. The US public simply doesn't get it or doesn't care. Prices for numismatics are at relative lows not seen in many years.

As we both know, false breakdowns and complacency usually lead to higher prices - and pretty quickly. Also, for what it's worth, ECU is showing a one year plus saucer-like bottom formation with a three year downtrend breakout above 70 cents Canadian. This stock has sucked many of us dry emotionally, but a close above 70 cents could be the beginning of something big. Brother Tim
Tim Murphy
trmurphy@swissamerica.com