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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: Good start to the metal day

Good start to the metal day

posted on Nov 20, 2009 09:52AM

The dollar is way up on the day, with a small move down in the last hour.

Gold is $11 off its lows and silver is over $.20 off its lows.

Given that we are only 1 trading day from OE and there are large numbers of in the money calls for both gold and silver, this is very different than any time in the last 10 years.

I don't doubt for a minute that the boyz will pull some more tricks to get the price down between here and Monday. In the past, two days before OE would already have seen the down move firmly in place. Gold is right at its all time high and still J6P can't spell Au unless its to sell their "unwanted" gold trinkets for a few pieces of paper.

Our best days are ahead of us. For those who were in the market in the late 70's you know what is assuredly ahead. For those who are new to the pms in the last 10 years, you ain't seen nuttin yet!

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