Re: Golden Minerals is a great buy but so few stepping up
in response to
by
posted on
Feb 06, 2016 01:35PM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Many here have added to positions over the years and sold as well. Just because it hasn't worked so far is not a reason to not do it. Absolutely for sure things will be better if gold/silver has bottomed or even if they retest the bottom one last time, my view is a retest is not required nor likely to happen as market tends to want some to miss the bottoms so they are chasers just like buying the dips on the downside. It's impossible to know for sure as only history will absolutely confirm.
Numerous bigger gold companies have had 50-100% moves higher and the juniors will follow soon with some having already just started, this is why I made the post so people can reflect on what they are doing or not in your case. I rarely ask why people are sellers as there are always a million reasons, as long as the company is funded the more important question to me is what are the assets and what does the future valuation hold in a rising commodity price setting like I expect in gold/silver. As sure as this market had a huge major correction down the opposite will happen on the upside making many companies with good resources and hard assets highly valuable once again for the patient investor who can assess good assets and resource growth potential, Golden Minerals (no matter what has happened nor how much it has been hammered or had some bad management decisions over the years) has a large amount of the former and the later.