I believe there will soon be a day of reckoning for the shorts as they will have to face some unpleasant truths. And ECU will rise like the morning sun, shining brighter than ever before as the evil shadows are exposed to the truths of that light cast upon them. I sense something positive is about to occur for those who have kept the faith and remained steadfast.
The excerpt below is from an interview with James Turk on Eric King's blog.
“As I’ve been saying all along, it’s extraordinarily rare for markets to set up this way. I can only think of a few occasions in my 35 years of trading when the precious metals have been poised to blast off and this is one of them.”
“In the next few weeks as gold and silver rise it will be from a short squeeze the likes of which haven't been seen since Cornelius Vanderbilt took on Daniel Drew in the legendary Erie Railroad short squeeze.”
“This action feeds on itself and the resulting upside momentum will act as a magnet drawing money off the sidelines driving prices even higher.”