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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: Midas - Stalker and...

Midas - Stalker and...

posted on Mar 11, 2009 02:22PM

Is the London trader for our STALKER source the best, or what? In the Feb 26 MIDAS…

"Our STALKER source called … seems his London trader has done it again, dumping gold for his clients at $998. Sometime in the next two weeks that trader is looking for gold to set back to between $880 and $900, at which time he will buy back in, expecting gold to blow through $1,000."

As you will recall, he made his move a few days early last week at $906 with a low purchase of $902.

What has to catch your attention below are all the bullish stories about serious gold buying by the big money crowd … all over the place. They will add up to such a degree that The Gold Cartel is going to get blown out of the water … a long held MIDAS opinion. We are getting closer and closer to gold and silver fireworks … lasting ones this time.

Silver corrected to its strong support level above $12.50, not even taking out yesterday’s close, and made a U-turn.

The gold open interest fell 4,554 contracts to 371,321. The bad guys took the long specs to the woodshed once again … like Dennis Gartman who has exited his entire gold position.

The silver open interest sank 454 contracts to 92,260, still a VERY low number. JP Morgan and the other silver price managers have been very effective at scaring away the specs.

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