Friday, November 5, 2010

ECU Silver's ( magic number

The number is ninety. So what's special about 90c and Well, start by considering the 50.9m warrants outstanding at ECU with an average weighting of 92c.

To be frank I didn't think it would even get close, but $26/oz silver helps even the worst of the pack and so here we are at 87c today. If it hits 90c, your humble scribe will re-open his short position (a previous winner and still waiting in the wings). What with GataBill planning to sell a whole heap of his position, odds are in favour here. DYODD.