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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: $1140 Holds Again

$1140 Holds Again

posted on Dec 08, 2009 09:02AM

Despite another tag team take-down by London and NY this morning, gold buyers rebuffed them again at the $1140 level. The cartel may try again to crack this line of defense but one wonders how much ammo is left after their recent co-ordinated raid. Continued support at $1140 will solidify a short-term bottom and embolden new bulls to enter the gold market very quickly. Time is not on their side.

Regards - VHF

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