Re: Breaking out!! - Lawnbowler-Edgy.
in response to
by
posted on
May 12, 2009 03:03PM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
"If the Chinese are looking to add to their bullion purchases, wouldn't they have the same goal (keeping the POG low) as the cartel of bullion banks?"
Sure. But still they will be mostly contrarian to the cartel in their timing. I guess, they will step up their buying just above support levels and just under resistance levels, at the moments the cartel is trying to break support levels or defend resistance levels.