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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: Nice mention of ECU in last night's Midas

Nice mention of ECU in last night's Midas

posted on Oct 14, 2009 04:39PM

As stated here for some time now, I expect gold, silver and the shares to be THE GO TO investments on Planet Wall Street before too long. I can almost feel it now. We are so close. As the herd comes our way, the shares of the forgotten exploration sector are going to erupt. It is just too small a sector to handle the amount of buying coming our way. Funny thing is the buying is likely to come from the momentum crowd, hedge funds, etc. Many of the traditional gold investors, who have their heads buried in the sand at the moment, will miss the move after years and years of investing in that sector ... waiting to buy the dip.

As this Tipping Point event begins to kick in, the percentage in the quality exploration stocks will be explosive … partly due to shortcovering by the hedge funds, who are MASSIVELY short certain stocks, like an ECU Silver. It has been part of one of their theme trade plays over the past one to two years. They have been continuing to short various stocks playing for a gold/silver price correction, OR, a complete collapse in their ability to obtain any financing at less than ruinous prices.

What they did not count on, was a gold price which is going to go berserk, partly due to all the crummy analysis out there on Planet Wall Street. We are close to their UH-OH moment. Talk of $2,000 gold will soon be more prevalent than talk of gold retreating back to $1,000. This is when the real ACTION JACKSON scene begins.

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