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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: Pic here to make a call

Evening Pic. Nice to hear from you again. I also agree with your call, but in terms of technical observations which over a longer period of time tend to produce more accurate predictions of future market direction compared to highly volitile short-termers. At any rate the entire PM complex is likely at a bottom here after such a drawn out kick to the pocketbooks. I'll give you an example in terms of Weekly Silver. Each of the previous 3 consolidation periods (CP) lasted between 1.5 and a bit over 2 years so timewise the opportunity for a breakout is agreeable. Also each of those CPs was essentially a triangle pattern and this time is no different. Except the downslope is more aggressive, meaning the breakout will be all the more violent to the upside when it heads for it's next ATH of $75-$80 and probably higher if Alf's 3 of 3 gets underway. The POS has touched the bottom rung of the triangle where the last 2 touches held up in October & New Year, so we're more likely to find support here than not, although price could correct another $1 for a brief period intra week. Last but not least of all Silver's converging fast into the triangle apex which suggests the consolidation period is quickly coming to a close. Even heard a BNN commentator talk about an index that tracks of Hedgies and apparently they're once again going long again into Gold as well as commodities in general. Small wonder the Cartel was screwing around in the Gold cash markets last week as per Sinclair's recent comments.

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