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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: Toxic Assets and the DOW

Toxic Assets and the DOW

posted on Feb 10, 2009 09:42AM

Bernanke and Geitner being very non-specific today concerning the OTC derivatives junk pile held by banks and the market doesn't like it. Bernanke just said that 95% of the Fed's assets are safe. I don't believe that. The DOW is off 381 at 7890. If the DOW remains under the 5000 day moving average at 7950 we could be on the verge of a general collapse in the Averages that could sprial all the way down to the 6200 area. All shares could be exposed. Be prepared for the probability of such an event.

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