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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: Gartmen

3. Long of One Unit of Gold in EUR terms

and One Unit in Sterling Terms:

We bought gold

August 5

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, but we did it EUR terms rather than in US$ terms and we

shall not wish to see €645 taken out on the downside. Given that the

market is trading €680.00 at the moment, we see little likelihood of

that stop being elected.

Further, we bought gold two weeks ago in Sterling terms, at or near

£582. We bought another unit, Sept. 7

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with gold trading

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