AUMN: My assumption on today's selloff....

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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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Silverbull50

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AUMN: My assumption on today's selloff....

posted on May 15, 2012 04:05PM

.....is related to margin selling. Once the stock traded below $5/sh., I suspect many calls went out for additional margin by U.S. brokerage firms. Presumably, many frustrated shareholders instructed them to sell stock to cover and naturally, the brokerage firms dumped the trades at "market."

I seriously doubt the selloff has anything to do with the company specifically.

Silverbull50

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