Hey Coach,

I think the HUI is finally looking good. But you could be right,they put puts on puts nowadays. Just a pun lol. Anyway's. I was looking at a article from Mike 97 dated yesterday by Harvey Organ, very good article Mike, and I saw that the silver delivery for September was 6400 contracts or 32 million ounces of silver for delivery.

Man J.P. Morgan must be glad they got the commodity people out of the office. I also noticed in the article that silver lease rates went up .6% the first in a while. This seems very bullish for silver in the short run at least. One other important thing I have noticed is that many people are selling silver at well over spot price. Some even ridiculous.

But here is my concern right now. Yes ECU has looked great the last week, but today we have no movement even with pretty good volume. Of course that could be the shortsellers squeezing the last pennies they can before people actually see what this company is worth. It just saddens me when G&S look good again today, ECU brings out another good statement, and we make no ground.

I look forward for Scruffy's report on ECU short's in the last year or so and thank him for his hard work. I know it had to be tough to make this graph Scruffy. Of course GWR1 is also someone I need to thank to for helping out on this graph. I would like to know more about ECU's near term plan. I don't want to see them have to borrow anymore especially with the positive result's this year.

But I am still betting on Silver exploding in the near future. That should put the final tightening on the keg to pour out some refreshing results. Again I have to say I have looked all over the place for physical silver at a descent price and it is getting harder to find. One guy this morning was selling 12 morgan silver dollars with no date whatsoever for 285.00. Now that's a bullish sign to me or the guy is of his rocker. I probably wont be saying that soon.Instead I might have wished I bought it.