This morning, gold peaked at $1719 and silver peaked at $33.39 at approx. 9:50am EST. A pullback in the metals ensued that accelerated into a "fishing line" around 10:20am EST. The timing of this descent correlated closely with a pullback on AUMN from $4.80 down to $4.71.

Theoretically, amidst the sudden spurt of buying pressure over the past 24+ hours, this zig-zag of the metal price should be irrelevant to the current trading strength of AUMN----afterall, the stock rallied yesterday despite weak gold/silver prices all day.

What I am concluding is that this short term supply/liquidation of AUMN is algo-programmed according to any sudden weakness in the metals and undoubtedly comes from a short entity since no long seller would liquidate on an instantaneous, minor metal pullback.

Have I lost you? (LOL).....am I perhaps stating the obvious?

Silverbull50