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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: liquidity tightening

liquidity tightening

posted on Jun 02, 2009 05:12PM

I kind of see some tightening of liquidity as stocks and commodities begin to get a little bit exhausted. To me, a big indicator of silver and gold going vertical would be to rise as stocks and other commodities decline. Tonight, it looks like the grains are consoldidating, along with stocks and copper. So, i think near term silver is going to continue to buck the trend and move higher, testing the high of a year or two ago, in the low 20's.

As for ECU, I don't really care about the technicals. I've only owed the shares since April 3, and like the fundamentals. Personally, I think ECU will be taken over in a few years in the 10 dollar range.

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