first is would like to say that if gold can rise 36.00 if 5 hours that it can easily break 1500 in 2008 but with that said we will, based on the charts we have a down an dirty street fight at 1050.00 coming. bernacke has said nothing new about the feds intention to cut the  intrest rate by .25 but what is certin is that market has already factored a  .50 cut in! one thing to note with a rise in gold this sharp and this fast the correction if we see one short term will also be just as fast but the baseline  for price is increasing so be prepared for the swing when we do see one. last week we also saw the eastern etf open up and remember what the western etf did to gold pirce a couple yrs ago this bodes well by giving the gold hungy easterers more options to buy the prescious metal. now all we need is silver to offer more investment options once that happens i think we will see silver outpreform gold % wise in 08 its all about silver being undervalued and potential of future incremental returns. for our dedicated ecu follwers who read this post we should see our much overdue report released next week which will also in my opinion benifit gog "ripple effect" these 2 stocks are simbiotic to a certian extent. our colsing price on ecu above 2.00 bodes well that we are now entering our build up leading up to release. i think we are off to the races if we see anything over 150mill. on our long awaited press release. final note we are on the cusp of breaking the magic 500 on the hui if we do which could happen next week 700 is just around the corner. All the best guys and i think 08 is gonna be a great year. please comment if you see value in what i have provided here if so i will continue to produce reports like this and even maybe on a more frequent basis!

hiram1 out