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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: What da boyz might do

What da boyz might do

posted on Nov 11, 2009 10:18AM

From GWR1's Ed Steer post this morning

The Commodity Futures Trading Commission is moving toward adopting a proposal in early December to rein in excessive speculation in energy markets by setting hard limits on positions investor entities can hold in a contract.

"I think there will be" position limits, Chilton told Reuters in an interview.

"I don't want to prejudge where we'll be specifically but if I had to guess where we'll come out ultimately I believe that there will be hard position limits ... for energy commodities and for other physical commodities" such as metals, he said.

Da boyz stand to lose a large amount of money if they don't bring the POG below $1000, and based on the above changes coming, the November closing could be their last chance to reduce their short positions in gold and silver.

Hope it doesn't happen, obviously.

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