Waiting zone

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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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reg mills

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Waiting zone

posted on Jul 02, 2008 06:25AM

A puase in the SP of ECU today would be normal; after a nice 3 day rise on volume.

I am watching the Dollar sit below the bottom trend line of the channel it has been in. The line requires .73 to return to some safety in the dollar. Right now it is .7212 (Kitco) and falling. This ahead of the ECB. One would think they would suport the dollar as best they can. because if below .72 today then chances of obtaining the .73 line tomorrow, regardless of the ECB decision, would be slim.

What happens in Gold today is irrelevant; as we know the manipulation game. I will not be surprised if gold spikes up sharply before 10:30 MT