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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: summary of ECU annual meeting from Tuesday

Sketch, there was a question raised in the Q&A and although no one had any definitiive answers the discussion centred around hedge fund ratio and index trading in general and that many juniors were part of these trades, even some senior gold companies.

In my view the juniors aren't moving because the senior gold stocks can't make new highs in the HUI due to the same type of trading patterns that have effected the gold sector now for quite sometime. The senior gold companies are now generating very strong earnings at long last after facing many cost based pressures in 2008/09 including huge liquidation due to monetary/margin activities.

These earnings are now where I expected thay would be 2 years ago and they have only just materialized starting in Q1 this year. When these earnings drive the seniors share price to new highs the junior sector should really take-off as this will provide the seniors will share prices that can act like money to start higher levels of M&A activity which will drive juniors significantly and strongly increase the in-the-ground price of gold/silver. Those not positioned correctly will not only miss the first 50-60% but will in all liklelihood sit to wait for corrections to add stock which may not occur for a long time. This is why I buy the weakness and/or accumulate at what I think are the right prices because market timing never works very well in secular bull markets and traders always leave most of the increases on the table.

My strategy for those that have large growing resources and are emerging producers in what I beleive is a secular bull market is to buy right, high leverage, sit tight, and don't try to time the market because every few can.

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