Replies to post #710 on Golden Minerals Company (AUMN)

[basserdan]

<<<AUMN will skyrocket when silver pass 25$/once. This is a 6 to 10 bagger 24 Month timeframe.>>>

In your dreams!

[RedShoulder]

Picassa, Silver chart indicates the bottom is about in, I agree that AUMN should go up at a good rate once silver rallys off the bottom.

http://www.bullionvault.com/silver-price-chart.do

[RedShoulder]

AUMN chart to correlate with the silver chart:

http://stockcharts.com/freecharts/gallery.html?s=AUMN

[RedShoulder]

Looks like AUMN is breaking out from the very recent all time low of $1.46 on 4/17/13. The all time high is $27. With a million ounces projected to be mined, the upside looks great. Also the cash balance is excellent.

15 percent of the float is short, I don't think it will take much more upside for a short squeeze. Only 33 million shares in the float, however a big 5.14 shares are short.

The only factor to keep AUMN from exploding up is the price of silver, and that should come up off the spring plunge in precious metals at some point. Even if silver remains the same, this company has positioned itself to go up quite a bit from here.