Re: ECU shorters are getting a name
in response to
by
posted on
Mar 24, 2010 05:39PM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
As a contrarian indicator, I would have to say this it's expected at absolute bottoms that analysts would be ultra bearish on those stocks or those markets that have gone down excessively in value.
Is ECU and/or all JPM's finally hit the bottom for good and that they are all ready for lift-off? That's the question.... maybe the BULL RUN is about to start big time in the juniors.
I remember when the canadian dollar was worth only .60 US, how many articles there were about how Canada should get rid of their currency and adopt the american greenback, that the Canadian dollar was finished as a currency, that it stunk etc.etc. Well not long after those articles, the canadian dollar began to gain value...and of course now it is on the verge of surpassing the US dollar in purchasing power...
I think ECU is probably on the verge of breaking out in a few weeks into a new upswing that could last a few years. The time to have shorted ECU was when it was over 3.50/share, not when it's at .59 How stupid is that?
One day, analysts will be ridiculously bullish on silver stocks and that's probably, when it will be time, to sell our shares in these companies....