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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: At the risk of being redundant......

At the risk of being redundant......

posted on Dec 29, 2008 10:17AM

Today, yet again we see the usual suppression of the ECU share price. I strongly suspect Canaccord of being part of it, but of course have no proof. Of course if any of you have access to actual documentation which could prove beyond a doubt that there is any criminal activity ongoing, please be so kind as to forward it to the OSC, because they do need proof you know.

I know most here are probably fed up with my antics/complaints re naked shorting/manipulation over the years here on the ECU BB. However, for those who do still have a modicum of curiosity here is the most recent reply to my latest complaint to the OSC...which was quite lengthy and supported with material from many credible sources. I might just send a lengthy reply for spite and for the record. If I do Iwill try to do a better job and I will send it by registered mail along with copies to politicians, other regulatory bodies, the RCMP white collar crime division, and to Mr. David Wilson, Chairman of the OSC...whom I requested that my last email be forwarded... to to no avail. (does any of this remind you of the crap that as been going on with the SEC in the U.S.? or the CFTC, or COMEX?)

Dear Mr ....:

I acknowledge receipt of your most recent message to the Ontario Securities Commission (OSC), again alleging market manipulation in Canadian junior mining stocks, through abuse of the naked short selling provisions in Canada's Universal Market Integrity Rules (UMIR).

We have previously explained how trading activities are monitored and regulated by the OSC and by the Investment Industry Regulatory Organization of Canada (IIROC) and we do not propose to repeat that information. Additional information and disclosure by the OSC and IIROC subsequent to our previous response, about our ongoing regulatory actions, UMIR amendments, and IIROC's heightened surveillance of short selling activity is available on our respective web sites.

As previously noted, we welcome the submission to us of specific facts and circumstances that are potentially contrary to Ontario securities law, but we do not act on allegations based on conjecture or supposition, nor generalized opinion unsupported by fact.

There are no new securities-related issues raised in your most recent e-mail which have not already been addressed in our previous responses. The OSC does not regulate markets for commodities, such as gold. Therefore, your matter remains closed.

Yours truly,

Jeff Fennell
Senior Inquiries Officer
Ontario Securities Commission
inquiries@osc.gov.on.ca
416-593-8314 or toll free at 1-877-785-1555

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