A stock in the gold and silver complex that's quickly approaching a breakout trade is Golden Minerals ( AUMN), a precious metals producer primarily engaged in the operation and further development of its acquired Velardena gold, silver and base metals mines in the Mexico and in the advancement of the 100% owned El Quevar silver exploration property in Argentina. This stock is off to a slow start so far in 2012, with shares down by around 23%. If you look at the chart for Golden Minerals, you'll notice that this stock was hammered by the bears back in April after it formed a double top at around $8.77 to $8.76 a share. Following that top, shares of AUMN went on to plunge down to its recent low of $3.24 a share. During that slide lower, shares of AUMN were mostly making lower highs and lower lows, which is bearish technical price action. That said, the stock has now started to rebound and make higher lows, which could mean it's ready for a trend change to bullish. Market players should now look for long-biased trades in AUMN if it can manage to trigger a near-term breakout trade above some overhead resistance levels at $4.49 a share, and then above its 50-day moving average of 4.55 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 313,047 shares. If we get that action soon, then AUMN will have a great chance of re-testing and possibly taking out its next major overhead resistance levels at $5.45 to $5.94 a share, or possibly even its 200-day moving average of $6.49 a share. >>5 Stocks Insiders Love Right Now This is another stock that the short-sellers love, since the current short interest as a percent of the float for AUMN is rather large at 12.8%. This means a large short-squeeze could develop if that breakout triggers soon. One can look to buy this stock off any weakness, and simply use a stop around $4.11 to $3.80 a share. Or, just buy off strength once it clears its 50-day moving average of $4.55 a share with high volume, and then use a stop at around $4.20 a share.