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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: Second wave cartel hit

Re: Second wave cartel hit....Gold Model says......

posted on Feb 24, 2009 06:33AM

Earlier this year I finally uncovered several new trading patterns in Gold & applied them to my model. As this current cycle comes to a close, the model suggests an opportunity for a short sharp correction, which Frank Barbera seems to be predicting as well. I also note the chart recently posted at JSMineset that seems to suggest the same short-term pullback is in the cards. My model does not predict what the bottom price of Gold will be but it does call for Gold to fall below $847/oz. I hope the model is correct because it also suggests that Gold will keep trending up for another 3 months starting as early as next week.

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