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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: Rumor!!!

I'll just state the rumor as source is copyrighted.

The Wall Street Journal may soon report that thieves have hit a major UK metals warehouse. Indications are that there may be a link to the LBMA!!!


Now this rumor is fascinating. Given the HUGE leverage and reported over-sale of gold over there, having a burglar sneak in and carry out tonnes of gold and silver ... well that sounds far fetched, but it would give great cover to the massive over sale of every ounce that they have or had at some point in the past.


What has been reported as fact is, that LBMA depositors have been withdrawing their metal (in huge volume) for months. Only insiders know how much the LBMA really has, but withdrawals are poison to their ponzi scheme. If the "leverage" is 100:1 than only 1% of depositors need to withdraw to bankrupt the crooks. Is the weak excuse of "a thief stole all our gold" all LBMA can come up with? Can that be the Force Majure that allows them to default on billions of $s in contracts? Will the reported theft keep them out of jail? How far could an investigation reach? to New York? Enquiring minds want to know!


I can't wait to see if this comes to pass. This could soon be as famous as "the dog ate my homework"

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