Key Battle At $1,380 Gold

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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 Battle At $1,380 Gold

posted on Jan 11, 2011 12:08PM

As expected, the NY cartel is throwing as much paper as possible at $1,380 gold. They have been relentlessly defending this zone for an extended period. Clive Maund's latest suggests the paper pushers might prevail but others seem to point out that extraordinary physical buying around the globe will not only support us here but soon push us above $1,400 and initiate another major leg up.