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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: So far so good (well um I mean bad)

The dollar is pausing at 78.00 that is expected. But if we go below today's low we should start to fall away from 78.00.

Silver has breached the 27.00 level next support at 26.50ish...and then 25.00.

Gold is heading toward the 1325 support area...lets hope that holds...because 1280 comes into play if it fails.

In some ways I would like to see it get to the 1280 level in short order... there is strong support, the 200 day moving average is at 1275 on the daily chart and the 50 day is at 1255 and rising on the weekly chart.

I think we get a turn around right at the end of the month....

I have my reasons for thinking so but will keep them to myself until then.

Best,

Scout

11
Jan 25, 2011 10:28AM
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Jan 25, 2011 10:54AM
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