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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: From Clive Maund

What's copper saying here? This is looking very ominous as Clive points out. The link to the rest of the article is here; http://www.kitco.com/ind/maund/may312010.html

"Copper has such a good record of front running major market moves that it has earned the nickname “Dr Copper” as it is frequently a good gauge of the future health of the market. So it is interesting and appropriate for us to take a look at the copper chart now. The 5-year chart for copper presents a bleak and ominous picture, for a massive Double Top appears to be completing with the price topping out beneath the zone of massive resistance approaching the 2006 - 2008 highs. Just as with the S&P500 index copper has dropped down to the neckline of a Head-and-Shoulders top area, and now appears set to mark out a Right Shoulder before finally breaking down and plunging. This hardly augers well for the world economy."

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May 31, 2010 02:57PM
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May 31, 2010 10:11PM
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