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Golden Minerals Company Message Board

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  • pm_guru_1 pm_guru_1 May 16, 2012 10:38 PM Flag

    I made a pitch for AUMN at PAAS board

    Those were 5 I like. I think patience is required, and not ready to go all in, as I fear there is one more strong downleg in store ala 2008.

    Nows the time to start making a list and picking your spots. When things are going so low you want to stick your head in the sand, that is PRECISELY the time to look for the best opportunities.

    Another stock I like is First Majestic, they just have a real clean and efficient operation going on down there, love the growth and mgmt especially. That made a MAMMOTH run from $1 to $26 in 3 years, so at $12-13 I am leery it can get sold down a few more dollars, but I think in single digits you are locking in a multibagger. I believe Del Toro and the Silvermex mine will get them to 20M ozs production in 2-3 more years.

    I see the media is bombarding the wires with bearish articles on gold and even perma-bears are sounding the alarm, and conceding more downside in gold is inevitable. It rarely pays to go with the herd on sentiment, or use mainstream media as a basis to make financial decisions.

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