In case you are following this: Wynter
posted on
Feb 17, 2011 02:52PM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
We would like to thank everyone that gave us a chance to help them with their silver investment but we have decided that this is the right time to bid farewell. After all what better time than when silver is at an all time high. No one who followed our advice can possibly be down. It was exactly three weeks ago today when we hit the low in silver. No one could have imagined that in 3 weeks, we would now be hitting new highs. But this is exactly how we said it would unfold during the first week of January.
There are many reasons for us to conclude our "broadcast" this time, chief of which is that there is a far better forum (in Turd Ferguson's blog) by which to communicate our basic message. Compared to Turd's blod, our method of communication is woefully short. Another reason is that there is no longer any real value to what we can add between now and March, or May, or September.... You should all know our game plan by now. But finally, the most important reason why we have to cease our communication now is that our traders interest may not necessarily align with the retail investors from here on out. In the run up to $37 or $40 or whatever, we may at times be massively short contracts to shake out the average investors. Yes indeed, we may be taking on Blythe's role from time to time. Nothing serious, of course. Our shorts will be quick to see if we can take out some stops. From here on out, it will be very volatile and we may be in a position to take out your stops before we go long again so please be careful when setting stops. Everyone must be at their all time highs so please think of an exit strategy. We will always be long the physical silver until atleast $80 before we even consider selling a small amount, so our interest will always align with yours if you are long the physical. Also please remember that the bulk of our buying will occur next week even if Comex won't properly disclose it. We may be back if something extraordinary occurs but that is doubtful. For a few people who have been our ardent supporters, we remain open to continuing communications through email. Once again, we wish you all the best from here on out. |