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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: Interesting pounding

Interesting pounding

posted on Dec 07, 2009 01:27PM

SSRI is actually up today. My wife's portfolio is up on the day. The metal stocks have held up very well for the size of the metals down move.

I am willing to bet that what we are seeing is an orchestrated move by the boyz and a covering of massive short positions in mining stocks. I believe that they see the writing on the wall and are trying to exit their losing positions now and will pick a spot somewhat higher to establish resistance. It will be interesting to see the short reports at the end of the week compared to 2 weeks ago.

With any luck ECU might get going in the very near future. A few trading days should indicate if this belief has any merit.

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