TIDES ARE TURNING
posted on
Mar 05, 2008 09:49AM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Considering the cartel attack that we experienced yesterday, all the juniors held. Had that been a couple of weeks ago all the juniors would retest their 52 wk lows. It was a great sign that many held or were only down by a couple of cents!
These attacks by the cartel aren't as effective as they were months ago. This shows that the momentum is turning and it is a indicator that the hedge fund are slowly turning form short to long. The HUI and XAU are testing breakout and are preparing for a rally of the future.
Note that on many companies not just ECu the 52 wk lows are in. Also great to see the volume start to trickle down to the juniors, this shows the interest is coming back into the sector and will soon be a very profitable sector such as back in spring 2006!
Note that the bids are slowly piling up. This is very bullish showing strength and support for many companies. It is the shorts taking a position in the company as the will soon have to cover. The asks are just stink bids but when the major breakout comes in watch these shorts cover liek crazy! We have been consolidating for over 1 year the juniors are ready to explode and have alot of catching up to do!
The catalyst is near and we will soon see the TIDES TURN to our advantage! As Gold and Silver continue to rally many are taking the dips as a buying opportunity! IMO we are weeks away Spring is near its time to JUMP ahead! Like Jim Sinclaire said " they will all just GAP up and BOOM they will be gone soaring to levels many wouldn't ever imagine" There is tremendous amount of wisdom and experience in this man, we are very fortunate to have such help!
Just keep in mind you can loose more money in minutes trying to predict the market short term but you can make enormous profits by investing in a company and holding and allowing the market to value itself!
another bite by the shark