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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: AUMN: Looks like a little short-covering

+$.24 (10%) with gold/silver/most miners flat.

If I were a long institution, this is when I would be averaging down and place large buy orders, adding pressure to the short trying to cover.

I spoke with Clevenger on the phone Monday March 4 and suggested he contact his largest shareholders, explain the hedge fund short attack written up by John Kaiser in The Gold Report (2/18/13), and suggest they take advantage of the excessive pressure (all the way down to $2.16) and add to their position at this ridiculous price level.

Any institutions that took advantage of that price discrepancy would contently be +27% merely a week later.

Silverbull50

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