Key $18.50 Line

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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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Key $18.50 Line

posted on Aug 24, 2010 02:28PM

The NY banksters decided long ago that $18.50 silver is the key defensive line. It is unlikely that any fireworks will occur in the shares until this line is successfully breached for an extended period. Although today was impressive, especially during the week of options expiry, the cartel is still in control as long as silver remains below their $18.50 comfort zone.