Mid-term exam
posted on
Sep 04, 2009 10:02AM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Kids are going back to school, but a big test occurs today. It is an effectiveness test today for the boyz.
They have been stuffed the last two days and the metal prices have moved against them. Monday the US markets are closed so it is in keeping with the cabal to hit the metals with all they have.
On Wednesday there was a rumor of cabal short covering. The experts now see that the COT showed that it was new buying, not short covering that caused the pop. I am guessing the same thing happened yesterday. A brief look at some key factors reveals:
- Fundamentals are very strong and indicate higher prices. Mine production is down for both Au and Ag. Investment demand is up for both.
- The US $ and most major currencies are being inflated by various bone headed QE efforts.
- The world financial community has been lead around by their proverbial noses by new york for the better part of 30 years. There is widespread backlash against the US and new york. There is now outright rejection of US media propaganda and government #s.
- The traditional group of non-gold-friendly CBs is in decay. Some have quit selling, some are now net buyers. Russia has all but quit exporting newly mined gold. Most Russian mined gold goes to their CB. There is a stealth move to replace the US $ reserves with a variety of currencies as well as gold.
- China is now in an in-your-face posture that is PM positive. The China CB is buying gold, China's government directed wealth fund is an agressive buyer of all precious and rare metals and strategic comnodities. China has revealed their intent to default on certain derivative contracts due to the fradulent actions of new york banks. This alone could dammage the ability if not the effectiveness of habitual new york led metal manipulation.
- People are waking up. People who used to give me tin foil hats for Christmas are now calling asking questions that show a slow awakening. I am hearing the same from many gold bugs.
So today the new york crooks HAVE to contain the price of the metals or go to work Monday while the rest of us go to the beach. If the metals hold nearor above $990 and $16, the boyz have lost. That will embolden the large traders to re-enter metals trading. The big traders in the past learned that they could not win in the new york PM casino. If they see that as changing they could pile on and burry the boyz.
Hi Ho Silver! Go ECU!!