Re: large decline in latest short position - clear evidence financing related
posted on
Mar 04, 2010 08:11AM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Just a suggestion, hit the enter button once in a while, much easier on the eyes.
I realize sometimes I aggravate some people on the board but I have been long ecu and have been aggravated a long time. I do believe though that the company has made great strides of late to change this. My only real problem is that ecu will not give full financial statement. And as Mr. Altmann has said time again that they do not have to as long as they are a exploration company.
I have got passed that. I am very happy with what management has done in the last few months. I see a turn coming for the first time in 3 years and I am excited. I know I haven't wrote lately ,except the last couple of days which in one case I was on the nose about. But we are at closeout sale now. Not much silver to be had at spot price.
Sounds to me like manufacturing of goods are going to be on the uprise. And it doesn't matter where on the globe we are talking about. This is good news. No way anyone is giving up physical right now unless you are willing to buy well over spot. Governments don't have enough to mint in some countries. And yes without a doubt silver itself is way undervalued. I'm not positive but are we like at a 60 to 1 ratio? When it should be at tops 16 to 1 ratio. In fact the whole idea that gold is more important is crazy.
I am going out on a limb here but I believe Gold will easily surpass 2000 dollars in a no more than a year. And I believe silver will outperform gold by percentage. Call me crazy but it only makes sense. If they are going to continue to manufacture globally even at 2 percent a year where is the silver going to come from? I have been scared in the past thinking government would take over the whole sector but many of are small gems have the capitol and are producing.
I think the time has come for silver and gold to make a serious run but especially silver. I really got a good feeling about this and wouldn't be surprised to wake up to 25 dollar or more silver prices and I mean soon. Of course If I am wrong it wont be for long. Why on earth would cnbc start a day saying silver was being bought up like crazy. That was in the last week. I sure hope I am right because I want to be writing a lot of articles after that . Sorry don't mean to scare anyone . LOL The short days are almost over here comes spring. Keep the faith