Gold At €1000

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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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Gold At €1000

posted on May 14, 2010 12:44PM

As shown in the chart below, gold has touched €1000/oz today. This is a very major psychological milestone and much more significant than the miniscule raid conducted by the NY cartel this morning on $gold. Physical metal inventories are already very low in Europe and today's milestone will most likely further deplete inventories to "Red Alert" levels.

Today's NY cartel raid may have even helped us in the longer-term because it served to re-test the support, previously resistance, of December's all-time high.