BTW, having this many shorts on the story is a very big positive if the company performs as expected or the gold/silver market turns higher as expected after a very long consolidation. Timing is the question and there is no way to have techincal charts tell you when this will happen as they are totally painted these days but for sure they can confirm after the fact making it easier to really backup the truck not far from the bottom. This small rally has taken the stock above the 20 day moving average and a few more days of this could confirm.

Looks like a new buyer is around and this has also provoked some short covering which is completely understandable as the downside risk for AUM is minimal making the risks for shorts higher than they have ever been. Bottom feeders will be coming more frequently now (smart buyers have already started as they don't try to catch bottoms but buy near what they think are bottoms) that July is almost here and if gold/silver finally show some signs of breaking out of this range bound pattern, well some real excitement could happen.

The positive seasonal patterns for gold/silver and the PM equities is almost upon us so the odds favour a bottom action if we are indeed to have a good next 12 months which we are long overdue for. The best performing time in 2012 was about starting now until late September before the steady decline into April 2013 as the stock has been sideways since mid-April.