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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: Flight To Safety

Flight To Safety

posted on Sep 17, 2008 06:31AM

As noted below, there has been a marked flight to safety during the overnight period. I am sure the U.S. Treasury would like to channel all of the capital flow into treasuries but investors appear to be wising up to the shell game and are moving their capital into the ultimate safe havens - gold and silver.

So far so good - VHF

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"Following last night’s announcement from Reserve Funds that its $65 billion Reserve Primary money-market fund had ‘broken the buck’, there has been a flood of assets making their way into short-term US Treasuries. Overnight, the yield on the three-month US Treasury declined by 66% from 0.70% down to 0.23%. As shown below, yields haven’t been this low (red line) since the Depression."



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