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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The banks continue to hammer gold and silver which accounts for the weakness in AUMN and most of the other miners.  The stock needs the metals to stabilize before it can recover.  Unless mgmt. reports more dore pours with grades, etc., the next PR is likely to be the announcement of an increase in oxide mill tonnage to 450 tpd near the end of March.  FYI, Rodeo appears to be more gold while Valardena's processing will be more silver.  Nonetheless, both metals have been hit hard.

What's particularly counter-intuitive about the takedown in metals this time is the appropriate argument that rising inflation is pushing interest rates higher, weighing on the overall market.  Until now, INFLATION has been a major promoter of precious metals.  Go figure?  Not much more to add.

Silverbull50

 

 

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