Gold 'Strongest Commodity By Far'

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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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livtrase

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Gold 'Strongest Commodity By Far'

posted on Nov 26, 2008 09:41PM

Morning everyone,

Here's an interesting discussion on CNBC yesterday with Charlie Morris from HSBC and Phillip Manduca - on gold, the dollar and what's upoming - reflecting views of many people on this board:
http://www.cnbc.com/id/15840232?vide...

Besides that, positive signs from the DOW, the HUI and the dollar yesterday. The close of ECU on 1.12 today was healthy I guess; and there could be one or two more days of consolidation as pic has already pointed out yesterday.

However, I do believe that there are many strong buyers and owners out there trusting the stock so that we'll see a nice move upwards in the next two weeks - hopefully breaking through the resistance levels right ahead. The updated NI-43-01 mid Dec will show us whether there are enough institutional buyers to bring us back on 1.5 and higher.