PM's are stagnent today because several had earnings that disappointed yesterday after the close (KGC and AEM) are two that come to mind. It actually makes today's silver and gold rally all that more impressive.

One last thing that needs to be taken into consideration, take a company like Agnico Eagle and look at their earnings. Sean Boyd has put together a huge number of mining properties that will see maximum earnings right about the time this pm thing goes into hyper drive. So why be concerned about earnings today when management understands the big picture and is waiting to mine the best of grades and mines at the most appropriate time.

The same can be said with ECU. Forget about current numbers let them continue proving up resources and developing a plan to maximize the mines at the most opportune time in the future.