1) What turned the tide today? What turn of events had gold and silver bouncing up and down whip-sawing the “shorts” to later see gold value up this afternoon?

(Cut and paste this link to your browser to see the action,)

http://charts.kitco.com/KitcoCharts/index.jsp?Symbol=GOLD&Currency=USD&multiCurrency=true&langId=EN&utm_source=kitco&utm_medium=banner&utm_content=20110407_iCharts_gold_chart&utm_campaign=iCharts

2) Maybe, just maybe, someone looked at the AUM report like I did and first I thought I saw bad news and then I realized the news was good:

8-Mar-2012 Annual Report

ITEM 7: MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

“ Based on these projections, and assuming no cash generated by monetization of the exploration properties, we would end the year 2012 with a cash and investment balance of approximately $10.0 million. Assuming metals prices of $30.00 per ounce of silver and $1,500 per ounce of gold we expect that revenue from the sale of metals net of cost of metals sold will be positive at the Velarde�a Operations beginning mid-year 2012.

By the end of 2012, pursuant to the Velarde�a intermediate mine expansion plan and with metals prices as noted previously, we expect revenue from the sale of metals net of cost of metals sold will be sufficient to offset ongoing corporate general and administrative costs and expenditures related to our exploration activities. “

The above paragraph looks like it is “right on course” for Golden Minerals to its offset costs and exploration expenditures in 2012.

This is what any good mining company hopes for before the big ‘profit-generation phase’ of its’ growth and development.

Go ‘Golden Minerals’ Go.

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