The flight is on for commodities
posted on
Feb 05, 2009 06:30PM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
I have tryed to make personal notes to myself about every kind of I'll call it flation the world has. Inflate, stagflate, or deflate, and I don't think in this world economy it matters anymore. If I owned the biggest most beautiful milking cow, with nipples of gold, and it can't produce milk it only looks good from afar. The world has awoken! China, India, and some middle eastern countries are tired of waiting for change. Look at China's profile this year. Does that look like a nation looking over there shoulder. Please! Yes we are all getting banged up in juniors, but the rest of the world is not going to let wall street or presses of fiat stop them from becoming prosperous. I noticed something else to. Last weekend on cnbc they were selling one tenth ounces of gold for 99.00. Today it was 114.00. So in 6 days the price rose 15.00. Pretty good profit if you know which direction gold is heading. I believe higher, it only makes sense. The question is why when there are jpms with huge potentials not being grabbed up. The real answer capitol. Although I only have a position with ecu at this point there is no doubt that there are stronger economies than those in North America that are ready with a blink of an eye that will sooner I think than later grab up these companies that continue to need capitol. That being said a company like ecu would be in a much better position if we get way ahead of where we are now. I don't think 2.00 a share is even unreasonable at this point. They would be able to position themselves with outsiders who would consider management a plus to them. Ecu has shown it has found valued property but need to increase production to prove its viability. Not to just us the shareholders but to those who would want to find strong mangement and exceptionable results. It seems to me opportuity is knocking now. Meanwhile I'll just hope for the best.