Lehman Crumples

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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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Lehman Crumples

posted on Sep 09, 2008 08:47AM

At one point, Lehman Bros. was down about 40% on the day. Word is that their mythical Korean buyer returned to fantasyland without providing any funds. Not to be outdone today, Wachovia Bank is -11% and Washington Mutual -18%. Hopefully for the PPT, their little parade yesterday will have a shelf life greater than 24 hours, otherwise, a major leg down will soon be approaching. Under these circumstances, it might be an idea to hang on to all physical precious metals and associated shares. After all, the shelves are not bare in bank vaults, coin shops, and bullion banks globally for nothing - are they?