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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: US GOVT fiscal year ends in two months...

US GOVT fiscal year ends in two months...

posted on Jul 28, 2009 04:36PM

With the US GOVT fiscal year coming to a close Sept 30/09. The year-end statement will show biblical-sized losses (deficits) for the govt. (A private company with a similar financial year-end statement would have to go into bankruptcy protection)

So....US GOVT debt has to be down-graded...

US Dollar will start to depreciate much quicker making all futures markets in commodities or metals a dangerous place for Shorters to operate in, as everything starts to get re-priced higher.

The Gold price-rigging game by the Bullion banks is over. They only have a few short weeks in my humble opinion to get out of their massive short positions in Gold and Silver or they will be taken to the wood-shed for the proverbial well-deserved beating of a life-time.(Of course, what do they care, as the US tax-payer is going to bail them out of this predicament , like always)

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