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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: I have good news and bad news

I have good news and bad news

posted on Mar 24, 2009 12:25PM

Good news: Three out of the four silver stocks in my portfolio went up today! The % winner was SVL at 10.5%

Bad news: Three out of the four silver stocks in my portfolio went up today! The one that didn't was ECU.

Actually I do look at this as a positive. One of those stocks is SSRI. It has preceded moves in the metal both up and down numerous times over the last few years.

I think the next two days can be painful as we have come to expect from the fall street paper hangers approaching OE. But the fundamentals and the unbelievable tightness of the physical market should keep upward pressure on silver. As the $ comes under greater and greater stress, all commodities will strengthen. Our day will come!

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