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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: Re: The last time gold was this high in July the HUI was 469.

Re: The last time gold was this high in July the HUI was 469.

posted on Feb 17, 2009 08:02AM

I think the banker and Treasury price suppression game on gold and silver is quickly coming to its end. There will be no stopping the buyers that have yet entered these markets who are contemplating moving their capital into a safe heaven. With negative international financial developments starting to be more frequent now, people are looking to protect their wealth from further destruction. They are all talking to each other and the "gold word" is coming up more and more. It is just a matter of time before gold catches up to its justified price level, based on just keeping up with inflation, somewhere near $2500.

HUI has pushed higher and past its 1000 day average at 320 with a last of 327.34 with the XAU not too far behind bettering its 1000 day at about 138 with a last of 135 or so. This will be exceptionally bullish when the two have moved over these humps for good. I had anticipated lower gold and silver share prices with a lower DOW but that was not to be as gold took off which is good for all of us. I'm looking for a projected ultimate low in the DOW, made by Martin Armstrong, to take place in about mid-2011, 50% lower than where it is now.

I would say that full CONFIDENCE to own all related pm shares is rapidly approaching. The only fly in the ointment is the well oiled propaganda machine of the world's central bankers and their influence to effect change over us.

We're in a major bull market for gold and silver. All reactions of any significance, for whatever reason, will only be temporary.

Some advice for the bankers: I would be more concerned on how you are going to safely find your way home as opposed to worrying about how to contain gold's price.

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