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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: Midas - Stalker

Midas - Stalker

posted on Nov 12, 2009 05:04PM

Just got off the phone with our invaluable STALKER source. His incredible London trader, who has been right as rain for so long, has this skinny for us…

*He has been travelling around Europe – Germany, France and Switzerland.

*The gold market remains very tight and he expects gold to rise to between $1350 and $1450 sometime in March.

*Doesn’t expect any major pullbacks in the near future.

*Says in March, or early spring, the US government will have to make a choice to let the dollar go, or raise interest rates. The raising of US interest rates will throw the US into a depression scenario. So he believes they WILL let the dollar go, in which case it will achieve oblivion status.

*He has another major corporate client. He fully invested the client at $1080 gold.

*He visited with two central banks. Both felt the price of gold would rise 25% next year.

I’ll take that sort of input all day long.

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