I've seen this chart countless times before but last night I noticed a curious resemblence to Silver lately. The POS doddled for a rather long time around $18 before exploding all that pent up energy to $50 and levelling off at that annoying $40 barrier. Draw a straight horizontal across the major support/resistance levels on this historic chart and incredibly, you'll find they match the major inflection points i nthis bull market. $18 and $40 both reflect key 1st and 2nd level price points thus far. Take this to the next level and you'll find $80 is the next key level (eg. Yamana, Sprott) to be followed by $200 by 2013, according to Dr. Stephen Leeb a valued contributor at Eric King's website, amongst many other very well-heeled investors who expect the same outcome but playing out much earlier then they imagine.

Also note the EGM Gold Timing Model again called the most recent top within a day (that makes it 3 for 3) and as of today, the expected short-term cyclic downtrend correction came to a close. The only question remains will we see a repeat of the most recent cycle (a gradual climb to new highs) or a sideways correction like the one before that as this current cycle unfolds. Watch for breaks in key trendlines or if resistance holds, will give excellent guidance as to where this market is headed. Next major turning point? It'll be a month or so before I spell out the next key date, but the direction will most definitely be UP. And like the last UP cycle, I expect this one to explode right out of the gate. We are by all measures as Uncle Jimmy predicted - in a market transformed into an exponential 3rd phase uptrend. Time will tell if selling out at 60 cents is a gross mistake in the face of shocking profit multiples that lay ahead for ECU in a few short years time, all things being equal.