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: a big seller

The company is not even close to going down the tubes although privce action is extremely poor. For sure you are correct that some sellers are around but at this point I simply don't get it as we may be at cash now meaning mills, mine, resources and huge property packages are worht zero. This makes absolutely no sense but it is what it is in this crazy world of precious metal stories.

I note that lots of junior stories I like were down today, NGD, MUX, FVI, AGI, CPN, CGU, SVM, PNP, ER, GUY, BGM, VIT, ASR, MSV, TMM, KAM. A terrible day while the senior HUI precious metal stocks were all higher with the exception of IAG. Maybe early tax loss selling is adding pressure to the down moves as this will allow repurchase in 30 days when conditions for precious metal juniors could be quite different if gold/silver moves higher from here and shorts are forced to cover in the next few weeks. This would allow a buy low strategy while getting your tax loss. I'm not interested in this strategy but some could be. I am however interested in buying more AUM but will bide my time a little longer yet as I closely watch the buyers and sellers.

BTW, there have been buyers but they continue to backup as sellers keep dishing it out in what could be almost described as capitulation area at cash in bank level.

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