Re: Not bad for a Monday morning
in response to
by
posted on
Jun 22, 2009 11:41AM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
This is the week that things were to reverse and our share price is to go through the roof.
Originally the low was to be in the second week and the uptrend on or about the 20th, probably based on market trends coming due near the 19th and of all things, summer solstice?
Our share price was to test just below 0.70 to rebound to the 0.90 range and perhaps higher. When the second week came up the up trend was moved to end of third week.
Now third week is over and we are testing below 0.60. So much for predictions.
Never under estimate the ability of the manipulators to control the PM sector. They have very serious problems so they won't go away easily and not until they are wasted from the effort. It is from the knowledge that when they are spent we assume that the up trend should be of historic proportions.
Next, do not treat trivial influences as major ones. Know what really controls your stock and make your decisions accordingly.
Perhaps the catch phrase for this month should have been, Sell in June and go away? I say these prices are getting lower by the day and another opportunity to buy or switch into this one. I just sold some gold stocks and used the cash to put into this one. Betting more on silver than gold, Today. Tomorrow or next week I just may do the reverse. Such are the trials and tribulations of the manipulated PM markets.
I am not saying this to most of you here because you know it as well, or better than I do. I say so mainly in order to get it clear in my own mind. By putting it down in print and posting for all to see and opinionate, makes one focus a bit more sharply and critically.
It is darkest just before dawn.