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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Message: Important Signal
Based on 90-year equity history, a major signal has just been initiated that signifies an 80% chance of a notable correction and a 20% chance of at least a short-term pause. It is timely that it has appeared just as Q1 ends. Most equity markets, and especially the junior mining sector, have been very quiet of late, which is something to be expected just prior to a major trend change.
If odds come through and a major market correction is upon us, the big test will be if gold and silver melt up while everything else melts down. This is a tough call at this point as precious metals and their associated stocks got excessively targeted during the last market descent in the Fall of 2008. We all know that gold and silver should rise during a market panic but cartel suppression and almost complete media control and propaganda will pose difficult obstacles once again.
Regards - VHF
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Time For The Bulls To Reconsider
Michael Panzner
March 31, 2010
Based on data going back 90 years, whenever the 12-month rate of change (ROC) in the Dow Jones Industrials Average has exceeded 40 percent, it has generally signaled trouble ahead.
In three cases, a 12-month ROC above that level has only marked a short-term pause, after which the market traded higher.
But on 11 other occasions, similarly rapid advances have been followed by notable corrections, including the collapses that followed the 1929 and dot-com era peaks, as well as the 1987 crash.
Given those odds, increasingly exuberant bulls might want to have a rethink.
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