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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: Re: Ed Steer this morning... not-for-profit seller... definition?
6
Nov 17, 2011 09:23AM

A big thumbs up will be given to someone who can enlighten me on the following.....

From yesterdays message: " By lunchtime in New York, the gold price had recovered all its gains from morning trading...and was struggling higher until shortly before 3:00 p.m. in the thinly-traded electronic market. Then a not-for-profit seller showed up and sold the gold price down about fifteen bucks going into the close of trading at 5:15 p.m. Eastern time. "

Doesn't everyone want to make some money in the Markets?

Could someone explain to me the term Ed Steer uses, i.e. "not-for-profit seller".

I wish I had a bank account that could just sell away millions of dollars of gold for a $15 dollar "short" gain.

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