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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: Lots of people gone already

Lots of people gone already

posted on Mar 07, 2008 07:21AM

Will probably be a slow week next week as many have started the March break week early today as usual.  The action in gold and silver and the dollar makes no sense today as per usual around a jobs number. 

I note the CDN dollar was up strong earlier today and now is negative against the US buck.  This is a sure sign that intervention to support the US dollar is underway today, it will fail as have other recent attempts.  Our new Canadian Goldman Sachs bank governor is running the Goldman play as expected he would.  The jobs added in Canada simply blow the US numbers away but the PTB want to help bolster the US dollar and hammering gold is part of the process.

I expect silver/gold stocks to be firm to higher over the coming weeks with gold/silver prices movinh higher.  Moriarty is wrong as usual and the sentiment is gold will move down and the truth is many gold players are on the sidelines with new money investing in the gold market and I don't mean the so called stupid money from small specs.

 

 

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