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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: Overnight action

Re: Overnight action

posted on Nov 25, 2008 06:16AM

Hey Pic

The US $ is tanking. It fell yesterday and today it is down .86

The $ has been on a bubble due to the need to find $s to pay for account closures/ settlements/ withdrawals. This bubble made it easier to manipulate the price of gold via the CRIMEX. The paper hangers could hold down the $ price while Au was increasing in other currencies.

Now we seem to be transitioning into a deflating of the $ bubble, an awakening to the manipulated CRIMEX casino, and the need to move to real safety rather than just US treasuries. More and more investors (people not institutions) are turning to gold. New markets are opening to facilitate individual purchases of gold. New markets are opening (Dubai) to challenge the CRIMEX/New Jerk hegemony.

I believe we are seeing changes that will lead to steady upward movements in precious metal prices. Movements that will happen regardless of the machinations of paper pushing crooks. We may even start to see some enforcement of market rules for the big crooks rather than the high profile celebrity penny-any examples the media so loves to display.

Things are looking bright for the pms.



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