Headline. "The tip of this iceberg may no longer be ignored or The elephant in the room has finally been spotted"
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/9/13_Morgan_Whistleblowers_Confess_Bank_Manipulates_Gold_%26_Silver.html

"So far it has just seemed to be extreme cash conservation but I bet it is not all vacation."

Would surmise this also. It's been awhile since the company has released anything. Hopefully something soon to show that it not all vacation.

Agree and will be watching myself. Have seen these kind of pops on no news in the past. I would tend to believe the company isn't standing still, but then again no news is no news.

The share price was getting exhausted and maybe hit bottom but its like the company is starting over and will just have to wait until something develops news wise. GLTY

Well that was a good pop to .19. Insider buy of 28k shares at .17 but that shouldn't have been the catalyst. Broke through the resistance trend line dating back to March of '12 (off a double bottom) but still too early to call. RSI made a higher high (but not through 50 yet) and MACD still trending up. Disappointed in the lack of communication on what the company is actually doing and at this point purely speculative, but interesting. Keeping an eye on though.

"So the US Government (with the aid of the Fed) have to bail them out, basically paying exorbitant prices for gold (via those commodity houses / bullion banks using the bailout money) to get back to the US Treasury and Fed in satisfaction of the expired leases."

And the game continues at the expense of the crowd and the day of reckoning for this to play out is inevitable, just a matter of time. Good call.

If it is gone and melted as reported, one would think there will have to be an incentive for miners to gear back up (but not at today's prices).

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/7/9_Game_Over_-_Its_All_A_Farce,_The_Fed_%26_German_Gold_Is_Gone.html

The drop from .20 to .165 was on light volume and a good support level is being approached. Picking bottoms these days is next to impossible but I am thinking we are now getting close here in particular and the overall market in general. The downside may continue by some percentage points but when the naked shorts are squeezed the upside should be quick and significant. The market is being manipulated for a reason and it's all to make money (capitalize TPTB), on the downside and then again on the upside. Three good and short articles all from KWN.

"We know that the physical markets are a complete disconnect with the paper market for gold. The demand in Asia, as evidenced by the premiums for physical gold, are at record levels. There is a shortage in the physical markets and the paper markets are very short.


The (gold) market short position is greater than it was at the bottom in 2008. So I would just expect a violent recoil in this extremely oversold market. I wish I knew when, but I kind of think it’s being exaggerated here at the end of the quarter.”

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/6/26_Physical_Gold_Market_In_Disconnect_As_Premiums_Hit_Record.html

“As I talk to you now we are now trading in the $1,220s, which is a new multi-year low. So the bulk of the damage was done in two time periods: In Asian trading and in equally thin Chicago (COMEX) trading, when most of the real players have already gone home.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/6/26_Physical_Gold_Market_In_Disconnect_As_Premiums_Hit_Record.html

“Every year in June or early July is always the point of maximum stress for gold and silver. This year is no exception. When I look at gold in particular, if you go back 1974 to 1976 we saw a 47% retracement in gold.


If we were to see something like that today, gold would go slightly below $1,000. Could it happen? Yes, of course anything can happen, but I doubt it. A 40% retracement is slightly below $1,200. We’re almost there on gold already....
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/6/27_A_Legend_Speaks_Out_About_The_Gold_%26_Silver_Takedown.html

Good move. Here is some news I hadn't seen.
http://www.ethoscapitalcorp.com/s/news.asp?ReportID=581856
This in itself does not explain today's nice move (and candlestick) on average volume. Possible the thought is if anyone can put together a good JV, GF can. But that is speculative in nature and not anything to hang a hat on and break resistance. Curious.

More on....Where the physical went and who holds it is another question everyone is asking.
http://www.zerohedge.com/news/2013-04-24/just-what-going-gold-jpmorgans-vault

Projects section of corporate website has been updated.
http://www.ethoscapitalcorp.com/s/white-gold.asp

“A year ago Egon von Greyerz was reporting that clients of his went to their respective banks to try to get their allocated gold in order to transfer it to his company GoldSwitzerland. In those instances they got it, but the wait was incredibly lengthy, and the physical gold was actually minted after they requested it. Well, if it was really allocated it would have been there."
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/24_Embry__Panic_In_The_Gold_Market_Creating_Problems_For_Shorts.html
Tells me the allocated gold is allocated on record and not in inventory. Where the physical went and who holds it is another question everyone is asking. Regardless, this would make beaten down miners with proven resources/balance sheets a fitting alternate to holding bars/coins.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/25_Sinclair_-_This_Is_The_Beginning_Of_The_End_For_The_Gold_Shorts.html
JMO

Good find, scary scenerio and gold futures still sliding to 1331. What I did notice today and not previously is the gap in the S&P futures daily chart at around 1425 (around the 1st of the year). And you know my position on gaps. I've rarely not seen one fill sooner or later.

The other side states its case.

http://www.businessinsider.com/everyone-should-be-thrilled-by-the-collapse-of-gold-2013-4

Excerpt...

On one hand you have established economists, who believe the government has tools at its disposal to address a crisis. These tools include deficit spending and a violent expansion of the Fed's balance sheet.

Conversely you have critics who slam the arrogance of economists and central planners, and who have predicted that all of this economic acrobatics would result in an economic collapse, hyperinflation, and an explosion in the price of gold. Gold is important to their worldview, because it represents a quasi-money that's not tied to any government or central bank.

Investing in gold is a rejection of government money and finance. Money flowing into gold-related assets represents a belief that rocks (however shiny they are) are a better place to invest than human endeavors (like stocks).


Read more: http://www.businessinsider.com/everyone-should-be-thrilled-by-the-collapse-of-gold-2013-4#ixzz2QX3lw21z

"It was about confiscating wealth through fear, and it worked beautifully. Untold billions of real wealth were forcibly transferred to concentrated positions at certain institutions and countries through this act of financial terrorism. It is not personal. It is simply about taking your wealth.

We alluded to it last week. We suggested that there would come a time when the perpetrators of the price suppressions would surprise us with an announcement that they were no longer short real assets, but massively long. This could very well have been the opening salvo bringing us to that moment in history."

"It is not just the savage attacks on gold and silver. Waves of selling have been launched in oil, copper, platinum and palladium.... "

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/15_Here_Is_What_You_Must_Know_About_The_Gold_%26_Silver_Smash.html


I suspect more salvos to drive a stake into the fearful, but short of a Rooseveltian move, the smart money always buys low. Unfortunately this is still playing out.

I'll admit, a little OT but the discussion does affect gold and miners. Even a lame duck administration can impliment considerable political/economic change and the associated intended or non intended concequences. What I see are two diametrical opposites. Free market (if such a thing still exists)/capitalistic camp vs a socialistic/micromanagement camp (my observation). The current camp seems to believe budgets and budget deficits are irrelevant as all you need to do is buy more ink and "tax everything that moves and doesn't move" (Hillary Clinton, Oct 30, 2009). Thus the importance of the '14 elections. Interestingly enough, as we head further away from free markets the disparity between the rich and the poor widens. One would think in a pure capitalist society this would be the case (the disparity), but alas, not. What we are seeing now is the biggest transference of wealth from the middle class. Politically, the parties will always be split and the motivations will always be the same in subsequent elections. Hopefiully it will just be a matter of balance with seperate but equal legislative, judical and exectutive branches. Once the balance of power is skewed heavily to any one side, therein lies the risk of past world failures. On the financial side we've learned nothing. The TBTF's have gotten even TBiggerTF (and it's been allowed to happen). JM2cents

"IMO whether JS is calling it right, or not now, or just plain not, the present course of economic "stability" is not sustainable for long."
I am thinking the crown jewel is the 2014 Senatorial and especially Congressional elections for the current administration. TPTB (rig masters) will do their best to keep this tire from going flat until then (very frustrating), but then again history has a way a throwing a monkey wrench into things. Totally agree ECC is a mystery at this point.

Recent activity with no specifics yet.

http://canadianinsider.com/node/7?ticker=ECC&tab=marker

The volatility this week is intriguing on no news. Not a fan of this action from a public perspective. Something seems afoot though. Todays reaction possibly due to golds decline today but I would tend to follow the analysis of JS
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/11_Jim_Sinclair_-_The_World_Has_Never_Witnessed_This_In_History.html
than GS.
www.gotgoldreport.com/2013/04/gold-prices-hit-by-goldman-forecast-cut-fed.html
If gold does decline it's a buying opportunity IMO. I will wait it out.

I think your points are on target. Chart wise, $GOLD seems to have good support in the 1550 area. In fact it has been a horizontal channel between 1550 and 1800 since Oct '11 (a traders dream if it can be recognized). At times going from support to reistance (and vice versa) in as little as 2-3 months. If we are bottoming (as I surmise) a return to 1800 is not unfathomable. If JS is correct and the official position is "let it be, for now", we may be finally going higher than 1800. This is pure speculation on my part but if so would be good for beleagured miners with confirmed resources. We shall see.

I suspect a retracement after a short period of time to fill the gap, but I also suspect Fridays price/volume was a clue for a future move forward. Just speculation on my part. The following thoughts/interview of Jim Sinclair on KWN is the first proclamation of a pro-gold change underway that I have seen. Well worth reading. Excerpt:
"What you are going to see now, and what the gold community doesn’t understand, is that the Fed and the West are now going to encourage the price of gold to go higher.”
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/7_Sinclair_-_Stunning_Shift_In_US_Government_%26_Fed_Gold_Policy.html
Cheers
rlfb06

"In the look for news, I noticed that I don't recall if the website had "coming soon" under a "White Gold District" heading previously as it now does."
If my memory is correct, the White Gold District heading still linked to a corporate statement. Regardless, I feel that gap in the chart will be filled and this would not neccessarily be a bad thing for someone who feels management will eventually prevail with the current holding in some manner and any other venture that may or may not be in the works (certainly not investment advice). As tamtam said the information just isn't there.
"IMO he would not have exited the Shaun Ryan options without a better plan in mind."
My guess is you read this correctly. Fill me in if you find out : )
GLTY

Agree on your points tamtam and hope you're right. We'll have to wait to see what develops but there does seems to be some stirring in the background. GLTY

Solid close at .20 pushing the SP over the 50 period MA on no news. Partial catalyst possibly Friday's insider buy of 37K shares (most likely GF and although not huge one of his bigger purchases, to be determined).
http://canadianinsider.com/node/7?ticker=ECC&tab=marker
Don't like the gap between the previous close and Fridays open though. JMO. Projects on corporate website reveal no information at all with "coming soon" still posted. My take is there are developments going on but nothing to make informed decisions. Bears watching and again, JMO.

Absolutly. We are part of the same choir in regard to the manipulation of the PM's. My opinion is the knife continues to fall but am interested to see if 26 holds as support in SLV. Bears watching. One item of interest with ECC is Corrales no longer appears on the corporate website as you know, but if you google Ethos Gold Corrales (dated Sunday February 17 2013) this is what you find.
http://www.ethoscapitalcorp.com/s/corrales.asp
Coming Soon
Can't explain that one.

My WAG on this sector is we may see an upswing in M&A this year. Depress the sector and pick up the best for a song. The master of all conspiracy theories. But then again, my opinion and 1.70 will buy you a cup of coffee.

Cheers

Whistleblower - Gold and Silver Smash Orchestrated By The (BIS) Bank of International Settlements

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/2/22_Whistleblower_-_Gold_%26_Silver_Smash_Orchestrated_By_The_BIS.html

As hard as this battle is being fought by the CB's and BIS, it won't end as intended and either through eventual natural market forces or a black swan event, it will unravel (and maybe quickly when it does). BJMO and until then, the synthetics are outweighing the physical.

ECC a buy at this level or catching a falling knife? GLTA

Possible what and when.

Refiners are claiming that gold scrap recycling has plunged 50% (accounting for an approx 850 tons of gold supply annaully).

My take - Due to the economy most of the average Joe's who have decided to sell to recyclers pretty much have done so. Not much left to part with (supply) especially at these current levels.

Excerpts of interview between Eric King and Eric Sprott:

"The only supply now is coming from the miners."

"Some day there will be a default. I don’t know whether there will be a default on the COMEX, or some industrial user announces they can’t produce something because there is no silver, but the word is going to get out here sooner or later, and it will be quite a euphoric time for the precious metals.

"It’s hard to predict when a default event would occur, but I think anyone looking over even 12 to 24 months has to realize we are getting very, very close. And when it happens, there will be a substantial move in the price of gold (and silver). We’ll make up for these last two years in no time.”

Additional thoughts from Eric Sprott on the Fed, inflation, debt monetization and precious metals price suppression.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/2/11_Sprott_-_Default_Coming_As_850_Tons_Of_Gold_Supply_Vanished.html

Also note this at the bottom of the article.
***Important Notice - King World News Responds To Attack On Its Internet Site

Gary Freeman continuing to dollar cost average at current levels.
http://canadianinsider.com/node/7?menu_tickersearch=ECC+%7C+Ethos+Gold

GLTY

News.

Ethos Terminates Option to Purchase the Betty and Wolf Properties, White Gold District, Yukon. Today's long tail candlestick on larger than normal volume coupled with consistant (but small) insider purchases is interesting. Seems there were enough investors undeterred by this news. WC = Hayes? Any thoughts on this one? I must be slow today. Fourth paragraph is key IMO.



Feb 01, 2013

Ethos Terminates Option to Purchase the Betty and Wolf Properties, White Gold District, Yukon

Ethos Gold Corp. (the "Company" or "Ethos") (TSX-V: ECC) announces that it has given notice to vendors Shawn Ryan and Wildwood Exploration Inc. ("Wildwood") to terminate Ethos' option to acquire up to a 100% interest in the Betty and Wolf Properties located in the White Gold District, Yukon pursuant to two property option agreements each dated November 30, 2010 and amended March 1, 2012.

Pursuant to the terms of the Betty and Wolf Option Agreements, the Company is required to keep these properties in good standing for one year from the date of termination and Ethos has satisfied such obligation. By terminating the Betty and Wolf Option Agreements, Ethos will not incur additional cash option payments of $700,000 and share payments of 2.5 million shares of the Company.

Management's decision to discontinue the Betty and Wolf Option Agreements in general was based on exploration results at the Betty property indicating vein-style but not the targeted bulk-tonnage style gold-silver mineralization, as well as current market conditions.

Ethos continues to hold two properties in the White Gold District, Yukon including the Bridget property (held under option from Mr. Ryan / Wildwood) and the 100% owned WC Property. Ethos is actively assessing additional projects for acquisition or potential merger.

About Ethos Gold Corp.

Ethos has working capital of $9 million and 42.9 million shares issued and outstanding, and retains a highly qualified and successful management team that will continue to work to create value through the acquisition and exploration of mineral properties around the world.

For additional information please contact Gary Freeman or Fred Leigh at 604-682-4750.

Ethos Gold Corp.

Per:

"Gary Freeman"

Gary Freeman, President & CEO


Forward-Looking Statement Cautions:

Yes. We wait and wait. The frustration of an event expected but but not yet realized is shared by all. Despite this, I do think most (average joe's) remain undeterred in their expectation and are willing to put it on the shelf until the how and when is revealed. GLTY

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/1/28_Embry_-_Powerful_Entity_Now_Battling_The_Silver_Manipulators.html

guesses: in return for not pressing too hard, too quickly on liquidation of sovereign debt instruments western debtor nations have agreed to intervene to hold gold price down until such time as China has "equitable" reserve, whatever level that might be; in meantime governmental intervention has been used, via the market stabilization authority, to have JPM and banksters manipulate a) to meet obligation to China, b) to buy time to unwind shortfall in unrecoverable leased sovereign gold reserves
guesses: west is not going to be caught with pants down when yuan gains gold backing, instead countering with commodity basket backed unit of international exchange but whether acceptance will be greater, whether doubts over derivative/futures dependence or acceptance/doubts over trustability of opaque Chinese yuan backing gains dominance is to be seen

Agree the intent is as you describe. At some point the best laid plans.......

Excerpts:

Here is what Rick Rule had to say: “We are in the midst of a commodities super cycle of the same dimension we experienced in the 1970s ... By the way, I don’t disagree that there are attempts being made to suppress the price of gold, but the market is bigger than the morons who are trying to suppress it. As far as I’m concerned, the harder they try to suppress it, the bigger the ultimate move will be.

Rule also warned: “I think that the possibility of anomalous events, black swan events, are large enough that collectively they are a probability. What really needs to happen for gold to move (to the upside), is continued shakings of the foundations of confidence in central banking and fiat money issuances.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/1/26_What_To_Expect_After_This_Weeks_Gold_%26_Silver_Smash.html

Good discussion. I think commonly we all wish to be positioned for any black swan event(s). If and when, there will be little time to react. But JMO.

An opinion from James Turk.
http://www.zerohedge.com/news/2013-01-26/james-turk-central-banks-are-losing-war-suppress-gold-silver-prices

All the best to you, tamtam and ECC shareholders.

Author ignors (intentionally?) the real reason for Germany's desire to possess the physical asset. Is it there? Rehypothecated? As China is reported to intend back their currency with gold in the future, does Germany want to eventually follow suit and split the euro?

http://www.businessinsider.com/germanys-delusional-gold-move-2013-1

Regardless, storm clouds are brewing and a massive tug of war seems to be in play. In the final analysis, whoever holds the asset trumps who holds the paper.

More on rehypothication:
http://www.zerohedge.com/news/gold-rehypotecation-unwind-begins-hsbc-sues-mf-global-over-disputed-ownership-physical-gold

Is the squeeze coming?
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/1/23_Massive_Squeeze_Coming_As_WGC_Confirms_Gold-Backed_Yuan.html

Buying any dips in gold, silver and those in possession. Your own DD is in order, as always. JMO

While we continue to wait for news. Is the squeeze coming?

“This is actually a hedge fund named Pacific Group, which is converting 1/3 of its hedge fund assets into physical gold. They have already taken delivery of $35 million worth of gold bars. The head of the fund was quoted by Bloomberg as saying, “In our judgment we are in the early stages of what would likely be the world's largest short squeeze in any instrument.”

"This goes back to what we were talking about the last time I was interviewed on KWN regarding gold repatriation back to Germany. Basically what these guys are saying is if everyone goes to claim their gold at the same time, the world will witness an incredible short-squeeze.

I believe the world will see that short squeeze in gold. The Germans have given the U.S. 7 years for a small portion of their gold, which is supposedly stored at the Fed, to be repatriated. But I'm sure that if it starts to look difficult to get it back the Germans will accelerate the process. This will simply add fuel to the massive squeeze which lies in front of us. This will literally cause a feeding frenzy as the gold market explodes higher.

The second thing I want to make KWN readers aware of is the report which was commissioned by the World Gold Council. This is an incredible document, especially coming from the World Gold Council because it's basically saying that the Chinese are going to back their currency with gold. This would, in turn, displace the US dollar and make the Chinese yuan the world's reserve currency."
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/1/23_Massive_Squeeze_Coming_As_WGC_Confirms_Gold-Backed_Yuan.html

Thanks for sharing. Latest insider moves.
http://canadianinsider.com/node/7?ticker=ECC

Hadn't seen the KAM chart but now comparing the last few days they look like twins. Can speculate there's something afoot in the White Gold District but that would just be a wild guess. Did note on the ECC website, Mexico seems to have disappeared as a business venture. Did I miss something? Didn't see anything in their news archives. Their focus appears to be now entirely on the Yukon. GLTA

Quite a bump occuring (modest volume) on no news. Although GF has been adding on at these levels (can't blame him on that one), something else awash? Or did we hit a perceived bottom. Any thoughts?

Interesting article from KWN on.....

Confiscation, Price Suppression & The True Gold & Silver Price
Today 40-year veteran, Robert Fitzwilson, wrote the following piece exclusively for King World News. Fitzwilson, who is founder of The Portola Group, discusses the true price of gold and silver, confiscation, price suppression, coming shortages, and what powerful entities are doing in this chaotic environment.

Excerpt:

So why suppress prices? Accumulation takes time and countries want to accumulate at low prices. India and China are two new powerful sources of demand. China is particularly important given the amount of fiat currency they held in cash, Treasuries, etc. The current holdings of gold relative to the total reserves of China are a state secret, but they started from a tiny base.





We can imagine a meeting of the minds where China might have insisted that there be an orderly period of years whereby the price of the metals stayed relatively tame to allow them to exchange fiat-based reserves for gold and silver. This would allow them to acquire physical gold to redress the virtual lack of gold reserves to catch up with the West or at least provide parity at higher percentages. It would have been a side agreement to hold the line on price in the interim.





We have no knowledge of the existence of any such agreement, but it makes for a plausible explanation as to why price suppression would occur. It is also important to remember that Roosevelt knew that he was going to devalue the dollar. He did not want to do that and have the benefit go to holders of gold. He had to confiscate it first and raise the price of gold, thereby devaluing the dollar. He wanted the upside.





The same could be true here. Everyone knows that the rational prices of gold and silver are magnitudes above current levels. Suppression will be with us until the powerful acquire and confiscate as much of the metals as possible, and then the currency will be reset. Trillions of wealth will move from holders of paper wealth to those entities holding gold, silver and energy assets.





That is why the “when” question is so difficult. It is not really a length of time, but simply the point where those in control decide that it is time for that new currency. They even floated out a possible name for it a couple of years ago, the “Amero”. At that point, there will be a cataclysmic reordering of money.





Investors need to do what the powerful are doing and that is to acquire physical gold and silver. There could very well be a moment in the not too distant future where that option is gone forever.”

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/12/4_Confiscation%2C_Price_Suppression_%26_The_True_Gold_%26_Silver_Price.html

KWN today - “The key levels to watch are $1,720 on gold and $32.50 on silver. Significant pushes through those key levels will prove that the last spike down was a bear trap.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/11/6_Massive_Short_Covering_%26_Buy_Stops_Triggered_In_Gold_%26_Silver.html

Gold, rehypothecation and a reason to own physical (or own shares in those that do).

Why Did The Bundesbank Secretly Withdraw Two-Thirds Of Its London Gold?

http://www.zerohedge.com/news/2012-10-24/why-did-bundesbank-secretly-withdraw-two-thirds-its-london-gold

Nigel Farage on being patient on gold and a serious heads up on the potential for the loss of sovereignty and how it would be implimented. (I know, a little OT on his second opinion, but worth recognizing nontheless)

Farage had this to say regarding gold: “I think just as my view that the eurozone is going to take longer to break down, and that the severe, underlying banking crises that lie behind it may be staved off for a bit longer, I think the moment at which gold reaches the really big peaks that I think it can reach, maybe that’s been deferred a bit.

Maybe it’s going to take longer for all of this to come to a head, but you certainly wouldn’t want to be short of gold, you’d want to be long of gold. And we’re probably in one of those markets now where you are going to have to display a little bit of patience.

But I do firmly think if you get any dips on gold from here that it should be bought.”

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/10/24_Nigel_Farage_-_We_Are_Headed_To_A_One_World_Government.html

Buy low. ECC?

GTLA

I understand your point entirely. There will always be dynamic events outside the control of any individual investor and your expample illustrates this. A quick look at the 5 minute chart showed showed me a few things. The flash smash by the cartel at 8:30 had effect but the long tail indicates to me that other entities countered the drop with purchases to push the close much higher than the low. The subsequent 3rd volume bar and candlestick shows a little more gusto with an entry close to the previous close, then some early selling but finishes up nicely due to buying pressure. Fast forward to the last trading period and we are now in wedge pattern with former support now possibly resistance at 34.85. Buy, sell or hold at this point? My initial thought is the underlying market forces in silver (and precious metals in general) will end up being stronger than this attempt to undermine it. We would have to wait and see 1. what happens with the wedge pattern 2. does 34.85 remain resistance 3. a break above 35 is now bullish. As far as TA goes I regard myself as an intermediate at best, but I can't see playing this game without it. If I was that good, I'd be writing this from the islands ; ) JMObservation

PS ECC is a value hunter's longer hold gem in the rough lately.

No question in my mind also.

With repect to TA/Charting and manipulation, a technical illustration and another perspective..

“People are concerned about the commercial shorts in gold, but at the end of the day there are a number of different players in the gold market. The ones we are most focused on are the payers that are taking gold out of the market, and are not going to be putting it back onto the market.

Those large entities are obviously official authorities, central banks, sovereign wealth funds, etc.. So while it is possible to chop around because of commercial speculation, and maybe that worries day to day traders, for us it is not really a dynamic we are focused on in terms of the big picture view.”

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/10/4_What_To_Expect_With_Gold_Assaulting_$1,800_%26_Silver_At_$35.html

It remains to be seen whether gold breaks through upper resistance in the near future or is temporarily (in my mind) pushed back for the time being. The predictive chart analysis in the article could come to pass (or not). For me TA points to possible set-ups that need to be confirmed. As the article points out silver may be the real one to watch in regard to risk and reward.

BTW It was my impression ECC was exploring for silver in Mexico also. Haven't heard anything along that vein (pun intended) for quite some time.

Cheers

RL