Some guy mailed me the other day with a chart showing the recent performance of the total dog and retail scamtrap ECU Silver (ECU.to) versus smart, well run Fortuna (FVI.v) with a kind of “ahahaaa you’re wrong, sucker” note attached. Well yeah, in the last couple of weeks ECU.to has popped while FVI.v has seen my trade rise “only” 20% or so (can’t you feel my heart breaking?), but maybe seeing a range of peer junior silver stocks and how they’ve performed in 2009 is a better gauge of the companies in question.
EDR.to and GPR.to have both popped the hardest. After all these companies have enjoyed the leverage of high cash costs relative to the improved spot prices for silver (just a fancy way of saying that even these dogs can make a profit with $15/oz Ag). Then comes FVI.v, then MAG.to and FR.to level pegging.
And what’s that one at the bottom? Oh yeah, it’s ECU.to. Woof woof.