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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Message: When trends break

The recent ECU price movement looks similar to what happened in late October and early November when the shareprice accelerated higher after a gap up and short sideways movement.  Therefore a similar outcome would see the share price test the 200dma tomorrow or early next week and a significant break above $2.20 might start the wheels rolling.

I believe I counted approximately 350,000 shares on the bid between $1.90 and $2.02 at one point late in the afternoon and I'm certain once the price starts to move aggressively higher, these potential buyers will help accelerate that move.

Gold and silver will not be denied and neither will ECU.

 

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