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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: Re: continued - by winter bent
11
Jan 29, 2011 11:56PM
23
Jan 30, 2011 01:20PM

I think you are correct in exercising due diligence on any article that is published. The truth of the matter is it's more than just the former JPM traders that are making similiar statements. Eric Sprott came out and is projecting $2100 gold and $50 silver before spring completes this year. James Turk has been preaching about backwardization recently in silver that can begin an upward tragectory at any time. Harvey Organ has been saying recently that the silver market appears ready for fireworks going into March while also proving inconsistancies in the recent open interest figures in silver being blamed on a rogue hedge fund. Last but no least the wonderful organization that you publish for with the Gata organization has been making similiar arguments recently also.

That being said I too would like to see more confirmation from the dollar, bond, gold , silver, and copper charts technically that indicate we are out of the woods. I just am cautious looking at volumes in the precious metals on the down days compared to volumes as they move up on daily, weekly, and monthly charts. If the Northern African countries conflicts had not occurred I would have predicted a half way down move in gold from the highs of December this past Thursday. As the violence and uncertainty intensify in the middle east it's just increasingly difficult sitting on the sidelines awaiting a safer entry. If the former JPM traders entry date of Febraury 8 is worth considering a symetrical completion of this possible downmove should complete by mid February. Very close to that indicated start of the move.

8
Jan 31, 2011 11:35AM
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