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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: Interesting catch by Bix at RR
I ran across a very interesting chart yesterday that I thought it might make you say "humm".
Kitco.com publishes a Silver Lease Rate chart which is supposed to track the cost to lease physical silver from another party. Now I'm no fan of Kitco (mainly because of the bad guy shill Jon Nadler) and the data that goes into this graph is most likely phony as nobody I know of publishes what they can get for leasing their silver but look at the huge spike in the 1 month lease rate between Jul 28th and Aug 3rd.
Very interesting if you ask me. Somebody was obviously in the need for very short term physical silver and was willing to pay much more than market to get it. So I went back to see if this was a normal type of thing over the past year and found this chart:
Does this spike in 1 month lease rates look a little odd to you? It looks to me that rates across all months have tended to move together when they spiked. As a matter of fact, this is the first time that the 1 month rate has spike on it's own over the entire year.
My take: The Good Guys may be on a month-to-month assessment schedule as to when they are going to take the Bad Guys down. If we see another spike at the end of August they may have been given another month...if not it could be D-Day for our silver shorts.
I can't wait to find out if there is any fire in this cloud of smoke.
Bix
PS - The end of August for Silver to start to break out of it's controlled trading range jives perfectly with the Time Line :-)
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