Venture Chart

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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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vhf

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Venture Chart

posted on Dec 13, 2012 02:09PM

As noted in the 10-year chart below, the $CDNX has just been pummelled by naked shorting over the past few years. Even when gold made its all-time high in September 2011, the corresponding gold juniors were in a free-fall pattern.

Currently, the $CDNX is near its July 2012 low, which would mean a double bottom could soon be in place. However, if we fall further below this 1,150 level over the next few weeks, the low of late 2008 will be in order. We could bottom bounce for a few weeks here, but the upcoming trend should emerge by the end of 2012.