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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: My $.02

Physical demand is up, paper prices are down. Seems to me the insiders have been given the green light to drive prices lower, maybe from the CFTC non decision, whatever. I'm thinking they are covering. I doubt at this point the COT means much, as synthetic derivatives can mask a lot of the strategy. So the big question is how long can this go on and what next? Theoretically as long as they want as they have unlimited electrons. However I don't think that will be the case, as the market is becoming way out of balance, and i think the short trade is out of gas. We can feel it, see it everyday. I think they are massive covering and going long, and when they have a nice big long built, they will let this market rock, and we all will be happy, cause we know we're fundamentally right. This is what I felt was happening last summer and whether I was correct or not, things happened from September to December as I expected. I do think we will see some weakness for a while yet.

We're in the wild west here. No rules. That's the "market". I don't think any analysis works here, except as some sort of contra manipulation exercise. We have to hope that we are in front of the wave that will be created and ride it to the beach. I think we are.

All the best to everybody.

C

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