Upcoming Drill Results
posted on
Apr 28, 2011 04:40PM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Just be prepared that ECU’s long-waited drill results on the massive sulphides may not be met with share price appreciation.The reason being is that although the results may be stellar, the naked shorts have pretty much unlimited ammo and are quite keen on maintaining or even increasing the suppression.
As noted by Sketch a few weeks ago, ECU has a fellow captive also under extended lock-down known as SGC.Similar to ECU, it has phenomenal fundamentals and is one if not the top pick of mining guru Peter Grandich.However, its chart is identical to ECU’s, which means its trading action is completely controlled by the same computer algorithm.Today, SGC issued their massive sulphide drill results of which Peter described as the best values we could see in our lifetime.And surprise surprise – SGC initially traded up but was then methodically sold down to even throughout the course of the day, with much assistance by Anonymous and Jitney on the sell side.
Thus, there is a good chance ECU could perform in the same manner after its massive sulphide drill results are issued.If one is in the business of demoralizing longs to acquire their shares, not much will demoralize your victims more than lack of upward share price movement after long-waited and positive results are released.
Odds are, SGC longs are now completely fed up and will bail over the next few days and we all know who will be waiting for those precious shares.Within a few weeks or months, SGC and the rest of the miners, will likely soar.
The compression in the silver miners has been ratcheted up a notch over the past few weeks.Even limited stand-out performers like SLW and GPR have been raided now so that the entire sector is underperforming the metals.We have said this before but this just might be the final squeeze on the longs.
Be prepared - VHF