A typical contrarian move, given the announcement of QE2 yesterday.

We are getting a last big shake of the gold, silver and shares tree. This may more or less coincides with the short $1 down move in silver forecasted by Ted Butler. I hope that the second part of his forecast will be also correct: a fast move up of silver by $5-10.

I am happy that ECU started drilling again and that we can expect extremely good results every now and then.