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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: Battle lines

Battle lines

posted on Dec 16, 2008 04:26AM

In Midas and a few other sources I am seeing, the chartists pick $830 for gold and $10.50 for silver as the critical figures. They claim that two sucessive closes above these figures will signal continued upward movement.

We had closes above those figures yesterday. So far this morning we have seen what looks like those numbers are the battle lines for today's trading. Both were pushed below those lines only to just recover to slightly above.

I am not one to put much creedence in TA in a manipulated market, but the technicans say its all in the numbers.

To me, the fundamentals are SOOOO strong for both (and our little ECU gem) that I can only see up as a long term direction. I am pulling for the chartists to get this right as I am a typical greedy human.


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