Save me from the lamentations...
posted on
Oct 26, 2011 04:57AM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
...about how bad AUM's sp is.
It is not AUM but the whole stock market and AUM's management (as ECU's before ) have little to do with it. All my stocks are similarly affected, just some a bit more while others less.
What I do often see, and do, is that value in these stocks is being shuffled about to place it on what is perceived at that time to be the horse with the most potential.
To me silver is the most undervakued metal while with the most potential due to commercial usage, therefore exhaustion, and relative low production to potential demand.
Similarly any stock that has a silver resource in the ground or in production is bound to
benefit from that metal's future, irrespective of management or whether that metal reaches the market. ( Remember? the often used comparison from around 1980 of a stock that had just the Gold word in it's name but no metal and how it's sp soared.) Golden minerals is a good name for that BUT it has the resource to back it up.
As for the markets and the economy, be it America or Europe, what you are seeing are
protective measures to cover up bad management and fraud. There is no cure for it save the admission of what happened and taking the lumps as a result. Sooner or later it has to happen and when it does silver and gold will be priced accordingly. Stock will have to reflect that pricing.
( Also postings on this forum re the world economy are very relevant because they give us insight as to when and how the sky will fall.)
Some here and elsewhere have stated that gold is likely to be priced in the 10,000$ per
ounce. If so than silver at the very least will be over 600$ per ounce.
It does not take much imagination to realize what the potential sp's would be on most PM stocks. How about the prices of the best of those stocks? i.e. large silver holders.
HENCE:
"For whatever varying reasons, the core stick around this place and this stock."
Patience, Good luck and Cheers to all holders. Ed.