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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: upside silver fib analysis....

Credit Suisse have published their updated views on the PMs just recently. Based the strong technical pattern, they see the POG @ 1750 within 3 months and @ 1900 within 12 months. They revised their outlook on the POS and see a downside risk for silver (@ 30 within 3m and even @ 25 within 12m). The latter is a result of the significant volantility in the past 30 days and CS analysts expect that in the current turbulent environment, it will be quite likely that there will be triggers for more correction. Also outlooks for base metals such as lead and zinc have turned, with zinc seen @ 1500 and lead @ 1600 in a year's time. This is actually not surprising to me since the economic slowdown remains a risk. L.

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