Agoracom: Small Cap Investment - Golden Minerals Company - OT - Another highly shorted silver stock trading "funny"

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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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statesidereport

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OT - Another highly shorted silver stock trading "funny"

posted on Jun 03, 2009 09:51AM

Silvercorp does not say why share price, trading are up

Silvercorp is also a highly shorted stock and was requested to by the IIROC to explain the heavy buying over the last few hours. Although they can't say it in a press release, it's obvious that the attack on silver was coordinated to give the illegal shorts "cover" to try and cover their shorts without exploding the share price higher. Oh the games people play.

stateside

2009-06-03 13:46 ET - News Release

Mr. Rui Feng reports

SILVERCORP RESPONDS TO STOCK TRADING ACTIVITY

Silvercorp Metals Inc. is responding to a request of the Investment Industry Regulatory Organization of Canada on behalf of the Toronto Stock Exchange following recent trading activity in its common shares. The company is unaware of the reason for the increase in the share price and trading activity that have occurred so far today.

The company continues to actively pursue future growth opportunities. At any given time, discussions and activities can be in process on a number of initiatives, each at different stages of development. The company's corporate policy is not to comment on rumours and, in accordance with applicable laws, the company will advise the market of material changes when they occur.