From Midas
posted on
Sep 03, 2009 08:07PM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Could this have been written buy our own Scruffy! If so, well Midas just lost credibility with me (lol).
Later
Here we GO!
Bill
I think we could get a lot of people to agree that the boyz have been instrumental and reasonably effective in containing any upward movement in gold and (especially) silver price. It has been condoned by compromised government and going on for the last 14 years for gold and 90 years in silver. Once they started they have given ground only when they had no choice.
The stress of the US dominated financial situation is increasing. The means used to keep the system held together and information (truth) from getting out, have been effective in the past, but are becoming less and less dominant. Perception is easy to shape if you control the media and can manipulate any and all official financial data. However there comes a time when reality overcomes propaganda and hype. The global financial system is huge. If you wanted to play the big money game you had to play the US managed game. The momentum keeping this system together is and has been one of the key factors in allowing the game to be called from new york. It is my take that we are seeing the shift of this US dominance. Globally we see more efforts to disengage from US $ exclusivity in commodity trade and reserve status. This is fundamental and the key to taking power back from the parasites that have siphoned off trillions from global finance. New trade deals directly between nations, purchases of global resources directly in lieu of purchasing from the US dominated exchanges, shifting the balance of reserves from US $s to other currencies and building gold reserves are gaining momentum. At least a half o dozen nations are calling their physical metal back from US and London to local storage and control. Decades of sheep like following of new york lead is changing. I believe that the latest moves in gold and silver are symptomatic of the new your parasites losing their death grip on the metals. The rumors / anecdotes of coin shortages and premiums that are near their historic highs; questionable holdings of the metal ETFs; levels of mine production decreasing; central banks rebuilding gold reserves signatories of the Washington Accord (WA) reducing the yearly limits of gold sales; falling WAY short of approaching those WA limits; delivery delays out of crimex; questions regarding the honesty of crimex holdings, questions of ownership and/or attachments against US gold reserves; it all points to a significant up move in gold and silver. I have maintained a % of my investments in physical that held up much better than the shares of miners over the last 18 months. We may well be looking at a future where people will not be able to afford an ounce of physical gold or a few ounces of silver. In order to participate in the protective and investment value of gold and silver they will turn to shares as their only option. I see hints of this in the rise of premiums for CEF and GTU where an open and honest amount of physical backs the shares. Here we GO! Our time is coming and the next 6 months may greatly reward those who hold shares and physical today. Thanks for the GREAT work here at LeMet and with GATA.
Scruffy