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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: Toronto Stock exchange

I realize that AUMN also trades on the AMEX, but if you go to the Toronto Stock Exchange website (www.tmx.com?) and punch in the stock you want a quote of, the last 25 trades will be displayed and who was on the bid and the offer. I just went and looked at AUMN, and CIBC, Nat'l Bank Financial (out of Montreal I believe) were both sellers. What in the world are these Canadian banks doing trading this small mining stock? The only reason is to make $. If less than 1% of all assets are invested in precious metals (according to Bill Murphy's website, www.lemetropolecafe.com), what % of retail $ is trading these junior miners? Has to be very miniscule. So, these banks pick up the slack and use these stocks as their personal playthings. And we take the pain. Since AUMN made the latest capital raising announcement, look what the stock has done? Technically, there was some support at $4.80, and there should have been some support there, with perhaps a pickup in volume. No way jose. These banks will just walk it down until someone shows up with some size to buy, pull their offers, and cover some of their shorts. It's a total racket. If you're saying to yourself, how can I make these conjectures? I've been away from the trading floor for some 10 years, and I admit that I'm somewhat removed, but that's how I made my living for almost 20 years.

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