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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: ECU vs AK STEEL

The siituation of ECU kind of reminds me of the situation with AK Steel back in 2004. The company was facing some tough fiscal problems with pension obligations and a huge glut of steel. Suddenly with the low steel prices enough companies faced bankruptcies and all of a sudden their was a huge shortage of steel, and AK quickly went from 2 to 70 for a 30 bagger, even though the company faced some very troubling economic times it quickly prospered.

It reminds me of ECU because of the negative sentiment of their financial position. I just feel sentiment can and will change very very quickly if silver continues higher like we expect and the big danger will be ( as was AK Steel) selling the stock after a double or triple of the lows.

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