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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: Commodity Snapshot

Commodity Snapshot

posted on Feb 19, 2010 09:24PM

Great week for PM's as two major assaults by the NY cartel were simply shrugged off in impressive style. A few short years ago, such attacks would have sent gold and silver reeling for several weeks if not months. With present economic conditions as they are, it appears once formidable cartel activity has provided only a few hours of reprieve at best. Should this be the case, then major players will sense their helplessness and we might just see a near term spike of epic proportions. All systems appear GO but we have been in this position before so some caution is always warranted.

Provided below is brief commodity comparison that shows gold, and especially silver, have much dry powder left in their current ascents.

All the best - VHF

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Commodity Snapshot

B.I.G.

February 19, 2010

Below we highlight our trading range charts for ten major commodities. For each commodity, the green shading represents between two standard deviations above and below its 50-day moving average. Moves above or below the green shading are considered to be overbought or oversold.

As shown, oil and natural gas are once again moving in the opposite direction of each other. Oil is currently at the top of its trading range, while natural gas is at the bottom. Of the three precious metals, platinum held up the best during the most recent downturn. Both gold and platinum are now trading right in the middle of their ranges, while silver is still closer to the bottom of its range. Copper has made a nice comeback from extreme oversold levels over the past couple of weeks as well. Of the other commodities highlighted, corn, wheat, and coffee are all closer to the bottom of their ranges than the top, while orange juice remains in a strong uptrend.

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