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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: Gold tinkering

Gold tinkering

posted on Mar 09, 2009 08:44AM

It looks like over the weekend it was business as usual for the PPT, let's do another raid on gold for the upcoming week. The tracks of these miscreants are all over the daily chart this morning: from 937 to 925 then later, from 927 to 915. These "falling off the cliff raids" show just how desperate these little men have become. Then in the background we have China continuing to indicate that they will be placing some of their equivalent of $2 trillion in foreign surplus holdings into the metal. Let's see, we have one interested party expressing an interest to buy physical gold and on the other side of the coin we have scared central bankers doing "whatever it takes" to keep gold down. It doesn't take too much imagination to percieve what the final outcome will be.

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