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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: Tuesday Evening TA
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Jun 02, 2009 01:16PM
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Jun 02, 2009 02:34PM
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ESL
Jun 02, 2009 03:55PM

ESL - In your last sentence you touched on one of two most technical aspects of this company:

<Where else can the folks who run the SPDR ETF could possibly acquire a quarter Billion ounces of "Deep Storage" Silver (and rapidly growing) pledged to their shareholders as collateral?>

I'm sorry folks but this chart stuff does not come even close, imho. i.e. the 200 day average is just an average. There is no significance to it what so ever any more then the 199 day or 201 or 190 etc. The number of days is just a number. It's only significance is in the beholder's eye.

What matters most is as ESL implied is the resource that we have in relation to number of shares oustanding, comparing it to our current share price, and finally to comparable companies. There are few companies that can compare and I suspect no silver ETF ( I'm not knowledgable about ETFs and do not partake of them ) can give you what this company has the potential to do.

The second most important aspect and probably now the most significant is:

We are a bonified producer with a potential of eight or more million $ income per year in a market where many companies are struggling to find financing to continue operation/exploration.

During the meeting on thursday there will likely be an announcement of some of those bars being sold and we might be able to get a more definite handle on the net profit. But what ever that is, we are solidly in the black with no need to look backwards except to compare to where we have been just to see where we are going.

The message is slow to percolate through but we are begining to see it happen already. Share price of a dollar, and even three, will be just a memory in not too distant future. Once we clear that dollar more serious investors will take notice and the rate of share price appreciation should increase noticably.

Chart analysis is fine if you are into it but do not forget the fundamentals that really drive this company.
Cheers to the future and those who partake. Ed G.

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Jun 03, 2009 07:52AM
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Jun 08, 2009 09:56AM
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Jun 08, 2009 10:39AM
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