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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: Going into the close, ECU

Going into the close, ECU

posted on Jun 09, 2009 12:02PM

I find it very interesting that on a pretty miserable day, the bids outnumber the asks 2:1 for ECU shares going into the close. My interpretation is that even though there seems to be a few stubborn sellers , what is going on might just be accumulation.

I have heard it repeated that during accumulation the same group will be both buyers and sellers. The desired effect is to capture as many shares as possible as cheaply as possible. Even though we will see the price rise sooner or later, I would much preferr to see the price move in what ever direction it would without manipulation. Just a nieve dreamer I guess.



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