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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: ECU chart

ECU chart

posted on Mar 22, 2008 05:49AM

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a few comments..money flow has been overall green over the last few years..selling, especially recently, appears to be traders selling on trading resistance or against the moving averages. The break out line for wave one uptrend, is decreasing and now appears to be below 2.10. There is very little room for further manipulation given silver and gold are both likely to be edging back up now post profit taking, and there a short covering futures issue in silver with what appears to be declining availability.

Once in the threes - which appears to be imminent ( and might be tied to operating profit or >$30.00 silver) , there is very little selling resistance. This I like a lot ,as volatility increases so profit on shares is more likely to stay in the hands of holders (as opposed to traders).

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