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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: Upward trend may start soon

tdw,

I would agree that ECU may be technically setting up for a short term move through the important $0.60 cent resistance level. Past experience tells us it will likely happen quickly and without notice and the support in the current price arrange suggests we may be close.

Although, the recent share price volatilities have made interpreting the charts difficult at best, I pulled up the long term closing chart for ECU and noticed we are at the low end of the 2+ year downtrend channel. This downtrend will not last forever and we are surely much closer to the end than the beginning at this juncture, but when it does break expect the extended duration of this consolidation to help fuel the move much higher.

The TSX Venture chart looks even better and appears poised to break 950 soon on its way to 1400 (chart not included).


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