Welcome To The Golden Minerals HUB On AGORACOM

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: Are G&S still a breakout?

You bet! Despite the mid-day Gold and Silver clobbering, things recovered very nicely and this is critical - the IBD clone did not give a sell signal. Also the key TA indicators that I'm adding to complement the EGM gold model closed above the levels that are required to sustain this upleg. I can't help but surmise someone shook the tree intraday and this overreaction was specifically designed to trigger stops. With this in mind the EGM TA component requires at least a 1-day CLOSE below the key levels, but I reserve the right to close a trasnaction based on my own input and not 'cause some dumb PC program told me to check my brain at the door. The good news is Gold momentum is back on the rise, and the POG is rarin' to close above $1730 back into the "exponential rise" zone. Take out $1750 / $1764 and we'll see you at $1800-$1820 for the next battle. There's oodles of time left in this cycle to easily climb into the $2000's and Silver $60-$75. Speaking of Silver the technicals lag Gold as expected and will require 3-4 weeks to breakthrough before it makes that popping sound.

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