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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: Treasury auctions

Treasury auctions

posted on Jan 19, 2010 03:02PM

Not only the amount of treasury notes/bills to be (re)financed seems to increase, but also the number of treasury auctions. Today we had a surprise (well say late announcement) auction and again tomorrow we will have an auction, which wasn't foreseen until yesterday.

http://www.treasurydirect.gov/RI/OFAnnce

I don't believe they can bomb down gold and silver and the shares on each of these occasions much longer, particularly not when treasury auctions become a daily event. For the moment the PTB may still have some traders on their side, but it is obvious that if the density of auctions further increases this trading pattern will disappear.

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