Merc, this could be another explanation of the SP movement, especially with the short positions that are on SGR right now. Somehow I don't think that Ned would be too concerned over the warrants as they are not very dillutive on a percentage of float basis...

Dear CIGAs,

There are still extremely large (legal and otherwise) short positions in junior gold and silver as well as junior producers, both who remain uncovered. Their ability TO POUND LOWER is coming to an end.

The short of gold on the COMEX, or for that matter the short of gold in everything gold and silver is incestuous.

We have differences from time to time in market views, but I believe you respect my understanding of the technical characteristics and mind of the opposition in precious metals.

Within a maximum of 60 days for comment on the reinstatement of an effective form of the uptick rule, cover needs to be accomplished in the next 90 days for the extremely large short position in the modest or low-volume trading silver and gold issues.

The short sellers, having DONE THEIR BEST TO POUND DOWN THE PUBLIC COMPANIES TO COVER, now have only one option left.

DIRTY TRICKS

You will recognize the dirty tricks when they occur.

You witnessed it in Royal Gold (RGLD) when it occurred. You have seen it in multiple silver issues. The South African shares have not been immune.

No precious metal share is immune for the next 90 days. That goes without exception.