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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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Brien Lundin: Sometimes the little guy does win

posted on May 11, 2010 08:47PM

Brien Lundin: Sometimes the little guy does win

Submitted by cpowell on 04:32PM ET Tuesday, May 11, 2010. Section: >http://www.goldnewsletter.com/

Silver, in particular, holds explosive potential right now. On Friday, the metal shot up 73 cents (4.13 percent) for no apparent reason. But the cause may have surfaced over the weekend, with a news story in the New York Post that the Commodity Futures Trading Commission and the Justice Department were opening civil and criminal investigations into possible manipulation of the silver market by JPMorgan Chase.

This was blockbuster news, with huge implications. Short-term, it may have prompted a short-covering rally in silver last Friday. Longer-term, it may force JPM and other major silver shorts into covering their positions ... which could very quickly force silver far higher.

There's another thing this tells us: Sometimes the little guy does win. Our good friends at GATA (the Gold Anti-Trust Action Committee), particularly Chris Powell and Bill Murphy, have worked tirelessly for over 11 years now, trying to draw attention to the manipulative activities of bullion banks and their governmental overseers in the gold and silver markets.

They deserve the undying thanks of every precious metals and mining stock investor for their unflagging dedication to the cause. They've worked hard for this ... and now the payoff may be near.