Re: Bullion buckaroo
posted on
Oct 19, 2010 08:30PM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Thanks Pic. I tend not to post here much because the calibre of the crew here has somewhat surpassed me...and I fear much of what I post on other sites may be somewhat elementary for many here. Anyway, here is my post form the other site with ECU inserted.
Good morning ECU investors:
As we move past the entertaining chatter, we awake this morning to all the "good" market news. It is time to get back to business. What is happening today is exhilerating. This is what we gold/silver bugs have been waiting for ...reaL VOLATILITY. This pullback now sets the stage for the next leg up...now it will get exciting...and the future moves will be fascinating.
Just like many of you, this is the time to grab some great bargains in the JPM sector...not just ECU. Look at the charts of SSO and SLW for examples...and BGC for a little explorer...which is trading higher than ( well near ECU) ...which is starkly contrasting indeed and shows why ECU is so undervalued as a comparison. There are dozens of others.
We have so many complex influences jerking our sector around now that those big moves are underway. The boys were just waiting for an excuse to rape the $US shorts and got it today with China's 1/4% interest rate hike...or should I say hype? I'll bet this has all been well planned. So, let's see, gadzillions are being made today by the big boys having placed their bets ahead of the Fed. planned moves aided and abetted by the usual suspects. Concommittantly, we get glowing reports from Goldman and City and BoA...of course they don't bother to tell you that they painted the books, for example, by taking $ out of their loan loss provisions whilst glossing over the monster they face in Foreclosure Gate. Today, everything is just great!
So, JPMorgan et al must be busily smashing the silver sector in order to get their short exposure down...likewise for others with the gold. (they plan to make billons going long these investments but they want to shake out as many as possible in this huge gold/silver Bull). All the JPMs are hit hard again...easy to do. Simultaneously, imbedded interests are postioning themsleves for more takeovers in the JPM sector. They really love projects that need financing ...this makes them sitting ducks. They really hate explorers, developers, and producers that don't need financing and can now finance themselves out of their own cash flow. These are the enemy...and they are to be attacked on all possible fronts. ECU is one of these rare silver birds.
So, we can all make $ on those JPM stocks that are going to double and triple in the next several months...and wait for ECU to do its thing. When ECU does move, its upside will be multiples of those aforementioned. The timing is anyone's best guess here. Not being positioned will be a killer. The attempt to discredit and keep the share price down is quite the spectator sport now... but being a spectator doesn't put you in the game.