So I see two barriers within reach as I watch the market this morning: 75 cents for ECU and 20 dollars for silver.

I would argue that the latter is the more important one. When Gold finally passed the 1000 dollar mark, we saw it quickly establish 1200 and show real strength as investors finally felt 'comfortable' above that level. I believe the 20 dollar mark is the same for silver. If we can pass it and maintain it; 22-25 dollars will be the settling point for a while as investors get used to it.

At that level, ECU shares would HAVE to move rapidly to make any sense at all. I would say that any real bullish move with some real volume could see us move very quickly back up over 1 dollar. The shorts would simply have to recognize that this current level would not be maintainable with that kind of inherent value under the ground (and growing). If we get back over the dollar and stay there for a week +, I doubt we'll ever see this below 1 dollar level again.

One thing actually helping us is the CAD drop the last few weeks as international investors will see the upwards movement of the stock price, but the downward movement of the dollar in relation to their buying power... so no real cost to get on a moving train. I'd be one of those guys :)

Fingers crossed that Silver continues it's current trajectory, we all know it should!

Soul