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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Message: What a rollie coaster ride
The following was copied from the http://www.origsix.com website.
| By bluejay |
10/10/2008 |
| Gold $867.80 off $44.60 Silver $10.70 off $ 1.37 Gold/XAU Ratio 8.52 Gold/Silver Ratio 81.10 (Silver has gone comepletely out of whack with gold. The historic ratio is 15 ounces of silver for each ounce of gold. Who is calling silver an industrial metal when it is obviously the current choice as a monetary metal by the scared public?? Unbelievable, the amount of criminal behavior in the NY silver market) What A Rollie Coaster Ride! In overnight Asian gold trading the metal surpassed $930 only to be beaten back when the London market opened and followed by more tactical selling when CRIMEX opened in NY. This is an old story, following strength in Asia attack gold prior to the NY opening and continue to pound it lower after CRIMEX(COMEX) opens for business. Considering London is a cash market one has to wonder, has Gordon Brown relieved the English people of the last of their gold? Have Paulson and Brown been working together again to accommodate each others needs at the expense of the people? A really scary thought is that when it comes time for rebuilding the financial system, assuming both of these gentlemen have already cashed out their country's gold, where does the new gold come from? Will there be a repeat of what happened in 1931 when Americans were ordered to sell their gold bullion to the Treasury for below realistic value? The bottom line is that in the not too distant future the powers to be will basically confiscate our wealth, via inflation and possibly gold and the bullion producing companies, in their quest to remain in the throne of power. Their attack continues in the precious metal shares with their onerous naked short selling scheme as investors are jolted again with massive illegal liquidation of non-existant gold and silver shares. Where is the SEC???? The idiot Cox has cost Americans with these phantom sales untold amounts of their hard earned money. Oh yeah, they are cohorts in the plan, as being a member of the Plunge Protection Team, to defend a fiat system that is destined to fail as all fiat currencies have since the beginning of time. It is overwhelming apparent they will drag us all down with them in what will be a colossal show of unbridled arrogance of historical proportions. Where does this all leave us? As shareholders, we own the largest gold specimen resource in the world. Any gold product sold for over two times its price under the Patriot Act is not considered gold bullion and maybe out of the reach of their sticky greedy little fingers when the new system arrives to pull us all out of the abyss that we are all being sucked into at warp speed. Protect yourself the best way you can and good luck. Don't panic, Long and strong! This is the second writing that before closing I have to go back and change all the prices because of the volatility that's being forced fed into the markets by the powers to be to scare everyone crazy who believes in gold. |
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