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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: Window dressing gold

Window dressing gold

posted on Apr 03, 2009 11:08AM

First, it's unlikely that anyone didn't expect some type of bear "window dressing" to take place preceding, during and the following the G20 event. As a result, gold and silver plus most of their related shares are getting stepped on again by the deviants from hell.

Gold: Two days prior to G20 gold slipped below its ascending 50 day moving average line at $925. Ever since then, the suspected bullion bankers have been keeping the pressure on the metal. Currently, gold is trading at $895.70, off $8.30 on the day. It must be nice for the stock trading departments at the bullion bank's firms to get advance notice each time their marching orders will be issue to crunch gold. Would the government ever be interested in going after all this front running based on their very own instructions to window dress gold lower? It'll never happen, this is what we have to contend with. Does anyone really believe that the treachery doesn't extend to the Canadian markets as well? Today, to everyone's detriment in relationship to their precious metal investments a state of anarchy exists in these markets.

It will be interesting to see the outcome of the showdown approaching between the real money advocates and the cartel as we approach Jim Sinclair's general gold support level at $887.50. If history is any guide since 2001, it will just be another buying opportunity.



miscreants last bear market raid below the $1000 level.



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