Re: This won't hurt AUMN's valuation
in response to
by
posted on
Jun 18, 2012 10:46PM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Silverbull50,
Your point taken and thanks for the response. Would be great to see some rational outcomes and Gold/Silver stocks reflecting valuations connected to the devaluation of fiat currencies and regulated markets to prevent insider extorretion/external manipulation but I haven't seen anything but calamity for the average retail investor since first investing in ECU in 2006. Being that the fundamentals for appreciation of precious metals and ownership in mining companies with the goods has continued to get stronger over this entire period (since first buying physical silver in 1982 for that matter) I have become just a little jaded and confounded at my sizable losses. But, hey, I still have my silver from 1982 and forward I use as door stops and as an occasional exercise program to move around, and who knows, perhaps AUMN could be revalued higher by a factor of 4 and I would sell at break even some day. But with it taking a gazillion shares purchased to move the price up a nickel and 10 shares sold to move it down a dime, along with all the other crazy trading realities, I am not holding my breath.
BTW, I may be jaded and pessimistic at this point but nobody is getting my shares for less than my sizable investment and they are not for loan per my broker policy.
DFIN826