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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: Gloom hanging over the board

No gloom over here DCFM, I simply have leaned not to get over excited after days like today after witnessing many false moves over the past +2 years. I will withhold opening the champagne bottle until the following criteria is met:

  • ECU confirms positive cash flow
  • 200 dma decisively broken
  • Three closes above $0.90

I agree that ECU had an encouraging day today, yet I am of the opinion, as I mentioned to a good friend after the close, that I expect this to be typical of an average day for ECU in the coming months. We are getting closer and everything seems to be falling into place at the same time.

Just prior to the close it seemed as though the share price was set to break the 200 dma, until the usual replenishing of asks knocked it back down to $0.60. I have a funny feeling the programmed trading ramps when approaching important levels as happened today. Only overwhelming demand will end this and I would expect the constant flooding of asks to recede once those critical boundaries are breached, at which time the share price will float upward in a more normal manner.

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