Re: Have I made a major error...Argoz...
in response to
by
posted on
Oct 06, 2009 11:58PM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
I was not referring to you Argoz. Your posts have been incredibly professional, well structured, credible and intelligent. You are extremely realistic and very conservative. However the "X" factor is the unknown. What happens when that which you want to buy is not available? What we do know is that ECU has the goods...that few others have. A billion ounces plus??? Who has that?? What is the value of that going forward? Just after today's action in gold and silver and the incredible upside in the demand, what will the real value of all that demanded resource in the ground be next week, next month and next year? We are about to witness a bull in the PMs that may transcend all belief.
What is obvious to all is the dissonance in the JPM markets and the lack of value relativity from one explorer/developer and even producer, to another. Near term producers for instance are often trading far lower than early discoveries, years from production. The examples go on and on as you know. It makes no sense.
Some look at ECU with all its attributes and see only what is wrong wth it while others look a today's NR on an upstart's grab samples or first few holes/assays and the stock goes nuts...trading far higher than ECU. Examples are in the hundreds. there is no substance to it.
As we all know only 2 to 3 out of every 1000 explorers ever becomes a mine...and it takes about 5 years and millions of dollars investment. ECU has been at it ten years after taking the mine site over. They are in the rare company of only .003% of the market that yields the goods. That is a fact. The rest is bullshit...especially in a bull market. The shear force of demand will annihilate what is owed in microseconds when the tide turns.
We also know, to be redundant, these markets have been extremely managed and suppressed. One of the objectives is in the results, woefully undervalued JPMs with a loss of interest and volume in the market after years of pounding and media negativity and orchestrated indifference. Based on the constant missive that gold was of little value and has been forecasted down every year for the last ten years even in the face of it being the best of investments...somehow "the crowd" was convinced. Regulations and standards have been ignored with complaints falling on deaf ears and accusations of conspiracy hurled at those who discovered the truth and spoke out. But we all know this.
What is ECU worth? Well, today much, much more than 58 cents to say the least. I contend it will not rise in haromony with the price of its fundamental product because it's trading and price is being controlled by powerful forces that use all tools available...and there are many, both fraudulent and allowed, that they have at their disposal...I say for the zillionth time ( this is all so painfully obvious after being hashed over here for years that I am embarrassed I am repeating it). So, ECU will be permitted to rise very gradually and far below it's watermark until its fiat masters decide to release it or, they lose control. If they should happen to lose control....all bets are off and anything is possible on the flight to 30,000 feet. I make the prediction that ECU will be $20 in one year.
Geez, everyone knows all this. Time to hang back now.