Welcome To The Golden Minerals HUB On AGORACOM

Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Re: On topic

in response to by
posted on Apr 27, 2010 04:01PM

I like that table. Lots of bids. People want in on a good thing. Very thin offers on the ask side tells me that we are transitioning to a higher percentage of stronger hands and the shorts will need to get the h#ll out of the way.

I would go a step further. The reason gold is going up is the BIG money wants it and wants out of paper. The reason silver will go up in the very near future is that there isn't anywhere near the supply of silver as there is gold. It is harder to get silver delivered and the supply line is very short. No one has inventory waiting to be sold. The crimex, the silver etf's based in the US and London, and the pooled sccount managers are likely overstating their physical held (assuming they have any not owned by 50 other LBMA paper holders).

I like two words here: soon and boom!

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