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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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Message: Whack the miners day!

Blythe can't pull silver down below $35.90 so onto plan B attack and whack the miners. XAU down -2.17, HUI down -6.95, TSX Venture down -27.27 , GDXJ down 1.64%, SLW down 2.67% and ECU just down $0.02.

She is certainly making life miserable for the last day of PDAC.

I wonder what her long term plan is? She has added a ton of short contracts (from 19K to 26K) on the Comex . She had to buy her way out of non delivery March 1st by offering 30+% premiums. Is she just going to keep shorting paper and miners to try and keep the silver price under $40 until May 1st. JPMorgan has avoided prosecution for past sins by getting their shorts grandfathered in. But what about current sins - that additional 6K short contracts is new. Does JPMorgan and the government have some nefarious plan to extract themselves from what seems like an impossible situation?

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Mar 08, 2011 12:16PM
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Mar 08, 2011 01:10PM
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