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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Message: Market Force Analysis Flash
MARKET FORCE ANALYSIS FLASH
OCTOBER 3, 2008
By Adrian Douglas
This is a mini-flash as the Market Force Analysis for gold is indicating a strong buy condition.
GOLD (Figure 1)
The MFA for gold has reached the lower support line. A very strong upleg will be launched here which will be a continuation of the leg started from the $740 low (as previously identified in my Flash Alert of September 11). In 7 years the MFA reaching lower support has never failed to be a good buy point. I doubt it will be any different this time!
Gold closed at $834
FIGURE 1
Adrian Douglas
October 3, 2008
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