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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: Will Greenspan be pro gold again?

Will Greenspan be pro gold again?

posted on Mar 18, 2009 03:28PM

I noticed the other day that Paulson & Company run by John Paulson, not related to Hank Paulson, purchased the last remaining shares from Anglo American of AngloGold Ashanti(AU-NYSE) for about $1.3 billion. In researching Paulson and Company I learned that Alan Greenspan was hired as an advisor last year. John Paulson is a pretty smart guy who made about $7 billion in 2007 and into 2008 by betting against the hot real estate derivative vehicles.

In the brief background commentary on Greenspan a writer stated that Greenspan's opinions still drives markets. If Greenspan likes his check, it looks like he will be back to being pro gold again, or neutral at the least. Will Greenspan be making positive comments concerning gold in the future? Maybe not, but his bearish stance on the metal for all those past years as the Fed chief seems will be reigned in some at Paulson and Company.

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