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Help is welcome to moderate two new board.
UGLD (VelocitySharesTM 3x Long Gold)
USLV (VelocitySharesTM 3x Long Silver)
Can you check COOL, look strong here......
OCZ gap filled.
50% Short float.
AUMN Bleeding on super low volume......
Why ? Because I'm in......
Bleeding on super low volume......
AUMN
After the merger (2 Sept) the Sentinel Group lost is 19% stake in the new company.
So they decided to short the stock.(From the 2 of September to the 7 of October)
When they finshed push the price down, they decided to buy 4M shares (7.5$, 30M$ cash), so they can keep 19% in the new company.
http://finance.yahoo.com/news/Golden-Minerals-Announces-iw-3193604350.html?x=0
Now they will cover the + 1M shares short and bring the price back up to 12-15$ level.
http://www.nasdaq.com/symbol/aumn/short-interest
After the merger (2 Sept) the Sentinel Group lost is 19% stake in the new company.
So they decided to short the stock.(From the 2 of September to the 7 of October)
When they finshed push the price down, they decided to buy 4M shares (7.5$, 30M$ cash), so they can keep 19% in the new company.
http://finance.yahoo.com/news/Golden-Minerals-Announces-iw-3193604350.html?x=0
Now they will cover the + 1M shares short and bring the price back up to 12-15$ level.
http://www.nasdaq.com/symbol/aumn/short-interest
I'm expecting the market to tank once the SP500 touch the 200MA (1270).
Planning to buy TVIX to play the big dump.
What do you see on TVIX (VIX X2 ETF)
OVERSOLD NOW !!!
Keep an eye on the SPY 200MA
Whan we touch it buy TVIX !!!!!
I think you're right.
I'm jumping between AUMN and SVM, without knowing who gonna explode first......
AUMN
Incredible interception......
QVD-276 16m 1760g/t
http://finance.yahoo.com/news/Golden-Minerals-Provides-iw-899041355.html?x=0
AUMN
El Quevar is a very special place....
Incredible interception......
QVD-276 16m 1760g/t
http://finance.yahoo.com/news/Golden-Minerals-Provides-iw-899041355.html?x=0
AUMN
El Quevar is a very special place....
Incredible interception......
QVD-276 16m 1760g/t
http://finance.yahoo.com/news/Golden-Minerals-Provides-iw-899041355.html?x=0
AUMN
El Quevar is a very special place....
Incredible interception......
QVD-276 16m 1760g/t
http://finance.yahoo.com/news/Golden-Minerals-Provides-iw-899041355.html?x=0
AUMN gap filled (around 8.40$), now going back up.....
AUMN gap filled (around 8.40$), now going back up.....
AUMN gap filled (around 8.40$), now going back up.....
XG forming the handle of the cup ?
http://stockcharts.com/h-sc/ui?s=XG&p=D&yr=0&mn=5&dy=15&id=p21209104693
2.60$ gap
We're Bleeding like Pigs.....
SVM
-25M shares short
-KPMG report anytime (Will force the short to cover)
-Producing 10M once of silver (negative cash cost of 6$/once)
-Normally should trade at (SLV X 0.35 to 0.48)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=67944346
"Buy SVM prior to the release of the KPMG report"
I spent an entire workweek with Silvercorp management, touring all their major operations in China. We asked questions at every turn and always received straightforward answers. We reviewed reams of both internal and public documents. We had conversations with government, tax, and smelter officials. I spoke candidly with various employees and toured all major plant operations. I put my hands on high-grade veins running throughout the Ying mine.
Based on all this, it is my opinion that there is no fraud on the part of Silvercorp Metals. The level of cooperation required among all the various entities would have to be so widespread and well coordinated that it’s almost ludicrous to consider. I’m confident that anyone who saw what I did would reach the same conclusion.
It’s time to put the allegations of the anonymous groups behind us. The KPMG report should be the final nail in the coffin of the short sellers’ claims. On the other hand, if they do find serious discrepancies, Silvercorp would be toast. Since I don’t expect this, nor do I anticipate any of the other analysts to reach a different conclusion, I think the stock is a Strong Buy.
Buy SVM prior to the release of the KPMG report. We don’t know exactly when the report will be released, but it could be as early as one week (from October 7). If the report concludes what we think it will, the company will be exonerated in the eyes of many investors. I am not saying the stock will pop dramatically (though it certainly could), but this will pretty much be the end of the road for the accusations made by the anonymous groups.
My only hesitation with going all in over the next week is if we were to get another 2008-style selloff in all markets. The stock would suffer along with others in that scenario, and I’d like to have one last tranche available if that came to pass. If you don’t own the stock, I might buy more than one tranche now, though, because current prices are very attractive, especially if you can get it at or below US$8. If the stock were to rebound like some of the other Chinese companies that were vindicated, the rise could be dramatic, but a falling silver price could dampen the enthusiasm.
Also note that the stock has already recovered 33% since its September 13 low (as of October 6). Most of this occurred while the silver price was falling, so it appears some of the short sellers have been covering. However, short interest remains high, around 25 million shares. This is probably due to the US Department of Justice investigating alleged accounting irregularities of certain Chinese companies operating in the US; SVM is a Canadian company and thus wouldn’t be part of any US investigation, but short sellers are probably lumping it in with other Chinese firms. At some point, though, all these shorts will have to cover.
Bottom line: the stock is a Strong Buy. A year from now this will all be old news, and the opportunity to buy at current levels won’t be available.
Jeff Clark, Senior Editor
"Buy SVM prior to the release of the KPMG report"
I spent an entire workweek with Silvercorp management, touring all their major operations in China. We asked questions at every turn and always received straightforward answers. We reviewed reams of both internal and public documents. We had conversations with government, tax, and smelter officials. I spoke candidly with various employees and toured all major plant operations. I put my hands on high-grade veins running throughout the Ying mine.
Based on all this, it is my opinion that there is no fraud on the part of Silvercorp Metals. The level of cooperation required among all the various entities would have to be so widespread and well coordinated that it’s almost ludicrous to consider. I’m confident that anyone who saw what I did would reach the same conclusion.
It’s time to put the allegations of the anonymous groups behind us. The KPMG report should be the final nail in the coffin of the short sellers’ claims. On the other hand, if they do find serious discrepancies, Silvercorp would be toast. Since I don’t expect this, nor do I anticipate any of the other analysts to reach a different conclusion, I think the stock is a Strong Buy.
Buy SVM prior to the release of the KPMG report. We don’t know exactly when the report will be released, but it could be as early as one week (from October 7). If the report concludes what we think it will, the company will be exonerated in the eyes of many investors. I am not saying the stock will pop dramatically (though it certainly could), but this will pretty much be the end of the road for the accusations made by the anonymous groups.
My only hesitation with going all in over the next week is if we were to get another 2008-style selloff in all markets. The stock would suffer along with others in that scenario, and I’d like to have one last tranche available if that came to pass. If you don’t own the stock, I might buy more than one tranche now, though, because current prices are very attractive, especially if you can get it at or below US$8. If the stock were to rebound like some of the other Chinese companies that were vindicated, the rise could be dramatic, but a falling silver price could dampen the enthusiasm.
Also note that the stock has already recovered 33% since its September 13 low (as of October 6). Most of this occurred while the silver price was falling, so it appears some of the short sellers have been covering. However, short interest remains high, around 25 million shares. This is probably due to the US Department of Justice investigating alleged accounting irregularities of certain Chinese companies operating in the US; SVM is a Canadian company and thus wouldn’t be part of any US investigation, but short sellers are probably lumping it in with other Chinese firms. At some point, though, all these shorts will have to cover.
Bottom line: the stock is a Strong Buy. A year from now this will all be old news, and the opportunity to buy at current levels won’t be available.
Jeff Clark, Senior Editor
"Buy SVM prior to the release of the KPMG report"
I spent an entire workweek with Silvercorp management, touring all their major operations in China. We asked questions at every turn and always received straightforward answers. We reviewed reams of both internal and public documents. We had conversations with government, tax, and smelter officials. I spoke candidly with various employees and toured all major plant operations. I put my hands on high-grade veins running throughout the Ying mine.
Based on all this, it is my opinion that there is no fraud on the part of Silvercorp Metals. The level of cooperation required among all the various entities would have to be so widespread and well coordinated that it’s almost ludicrous to consider. I’m confident that anyone who saw what I did would reach the same conclusion.
It’s time to put the allegations of the anonymous groups behind us. The KPMG report should be the final nail in the coffin of the short sellers’ claims. On the other hand, if they do find serious discrepancies, Silvercorp would be toast. Since I don’t expect this, nor do I anticipate any of the other analysts to reach a different conclusion, I think the stock is a Strong Buy.
Buy SVM prior to the release of the KPMG report. We don’t know exactly when the report will be released, but it could be as early as one week (from October 7). If the report concludes what we think it will, the company will be exonerated in the eyes of many investors. I am not saying the stock will pop dramatically (though it certainly could), but this will pretty much be the end of the road for the accusations made by the anonymous groups.
My only hesitation with going all in over the next week is if we were to get another 2008-style selloff in all markets. The stock would suffer along with others in that scenario, and I’d like to have one last tranche available if that came to pass. If you don’t own the stock, I might buy more than one tranche now, though, because current prices are very attractive, especially if you can get it at or below US$8. If the stock were to rebound like some of the other Chinese companies that were vindicated, the rise could be dramatic, but a falling silver price could dampen the enthusiasm.
Also note that the stock has already recovered 33% since its September 13 low (as of October 6). Most of this occurred while the silver price was falling, so it appears some of the short sellers have been covering. However, short interest remains high, around 25 million shares. This is probably due to the US Department of Justice investigating alleged accounting irregularities of certain Chinese companies operating in the US; SVM is a Canadian company and thus wouldn’t be part of any US investigation, but short sellers are probably lumping it in with other Chinese firms. At some point, though, all these shorts will have to cover.
Bottom line: the stock is a Strong Buy. A year from now this will all be old news, and the opportunity to buy at current levels won’t be available.
Jeff Clark, Senior Editor
SVM (More analysis)
Buyback program of 10M Shares (Will be canceled from O/S)
http://silvercorpmetals.com/news/2011/index.php?&content_id=319
Perhaps the most interesting part of the financial equation is the cost per ounce of silver, reported as a negative $6.12 per ounce. This number is calculated by factoring in the other metals as byproducts, where Silvercorp thereby uses those revenues to discount the cost of the silver. In other words, Silvercorp gets paid to mine the silver once the revenues from the other metals are factored in.
On Site at Silvercorp
By Jeff Clark, BIG GOLD
I’m writing from China, where I’m attending Silvercorp Metals’ (SVM) mine tour with other analysts and reporters. While I could cut the trip short to return to our Summit this weekend, we felt it was more important to stay for the entire tour in light of recent events.
We met with company principals the first morning, including CEO and Explorer’s League honoree Rui Feng at their downtown Beijing offices, where the bulk of the discussion centered around a point-by-point rebuttal of the charges made by the now-infamous short sellers. With a reporter’s camera snapping, it became apparent to me that Rui and company have shifted from playing defense to going on the offensive.
“We have eight attorneys now,” Rui explained. “We’re going after these guys.” He admitted that fighting the allegations is getting 100% of his focus right now, something that might be concerning under normal circumstances, but he’s bound and determined to assure shareholders that their investment is sound.
In addition to the lawsuit against some of the short sellers announced last Friday, SVM has hired well-known forensics accounting firm KPMG to audit the company’s books. They’ll be reviewing every scrap of paper, from bank statements to tax receipts, to make their own determination on the soundness of SVM’s finances. A report is expected in about two weeks, and other than seeing ore with our own two eyes, this will arguably be one of the most important steps in fighting the allegations.
Securities regulators are also on the offensive. Not only are they conducting their own investigation into the source of the accusations, other Chinese companies previously targeted by the short sellers are pooling their resources with regulators and SVM. While we don’t know that they’re all innocent, a number have taken aggressive countermeasures; some have been so successful that their stocks have rebounded dramatically.
The tour has been more thorough and transparent than even I expected. We’ve been privy to internal company documents, one of which is a daily tonnage report – something Rui sees every morning. It’s abundantly clear that if operations were exaggerated, it would have to be quite an elaborate hoax. We met with officials from two smelters the company uses, easily seeing that the grades they report match what SVM has documented. We met with the company’s principal accountant in China; a random review of one day’s tax receipts and the SVM’s internal spreadsheet show the numbers match. We also met with four officials from the National Tax Bureau, who informed us in no uncertain terms that SVM’s subsidiaries have generated substantial revenue to the local county. “We welcome any scrutiny,” they added.
I also asked many parties what they thought of the allegations. “They don’t know what we know,” said the deputy general manager at the Ying mine. “They can sell the shares if they want, but we will buy them.” The county tax officials informed us they were never contacted by any party regarding revenue or tax receipts. “The allegations are simply not true,” we heard through an interpreter. I asked an official at one of the smelters we visited what he thought of the allegations; he laughed. We had dinner with four local government officials, with the interpreter telling us the mayor was “pissed off” at the short sellers. And what about the workers themselves? “Many are angry,” Rui told us. “And some just laugh at the accusations.”
But perhaps the most important aspect of the trip and of determining if there is any truth to the accusations is the ore. We saw the parade of trucks drive by us, watched the weighing process, randomly leafed through stacks of records documenting the ore that’s passed through the gates, witnessed the ore being transported by boat and rail cart, looked on in amazement at the new 2,000-tonne-per-day mill in full operation, and observed piles of finished product waiting to be shipped to the refineries. And yes, we toured the Ying mine itself and saw with our own eyes those sparkling veins full of high-grade silver. I’ve got pictures of all this, and I didn’t hide behind any trees to get them.
We have a lot more on the agenda; by the time you read this I’ll be on my way to meet with another tax office and tour the GC and BYP mines. I’ll be filing a full report, complete with pictures and recommendations, for International Speculator and BIG GOLD readers sometime next week. If you have a vested interest in this stock, this is one report you won’t want to miss. I can tell you right now it will contain not only a complete analysis of every aspect of the company, but a very specific recommendation of when to buy.
In the meantime, based on my extensive discussions with management; review of reams of both internal and public documents; conversations with government, tax, and refinery officials; interviews with workers and supervisors; observations of plant operations; and putting my hands on high-grade veins running throughout the Ying mine, I have a message for the short sellers.
You’d better think about covering.
http://www.caseyresearch.com/cdd/peering-silvercorp#section0
http://seekingalpha.com/article/297184-silvercorp-metals-a-very-solid-miner-with-impressive-numbers?source=yahoo
SVM (More analysis)
Buyback program of 10M Shares (Will be canceled from O/S)
http://silvercorpmetals.com/news/2011/index.php?&content_id=319
Perhaps the most interesting part of the financial equation is the cost per ounce of silver, reported as a negative $6.12 per ounce. This number is calculated by factoring in the other metals as byproducts, where Silvercorp thereby uses those revenues to discount the cost of the silver. In other words, Silvercorp gets paid to mine the silver once the revenues from the other metals are factored in.
On Site at Silvercorp
By Jeff Clark, BIG GOLD
I’m writing from China, where I’m attending Silvercorp Metals’ (SVM) mine tour with other analysts and reporters. While I could cut the trip short to return to our Summit this weekend, we felt it was more important to stay for the entire tour in light of recent events.
We met with company principals the first morning, including CEO and Explorer’s League honoree Rui Feng at their downtown Beijing offices, where the bulk of the discussion centered around a point-by-point rebuttal of the charges made by the now-infamous short sellers. With a reporter’s camera snapping, it became apparent to me that Rui and company have shifted from playing defense to going on the offensive.
“We have eight attorneys now,” Rui explained. “We’re going after these guys.” He admitted that fighting the allegations is getting 100% of his focus right now, something that might be concerning under normal circumstances, but he’s bound and determined to assure shareholders that their investment is sound.
In addition to the lawsuit against some of the short sellers announced last Friday, SVM has hired well-known forensics accounting firm KPMG to audit the company’s books. They’ll be reviewing every scrap of paper, from bank statements to tax receipts, to make their own determination on the soundness of SVM’s finances. A report is expected in about two weeks, and other than seeing ore with our own two eyes, this will arguably be one of the most important steps in fighting the allegations.
Securities regulators are also on the offensive. Not only are they conducting their own investigation into the source of the accusations, other Chinese companies previously targeted by the short sellers are pooling their resources with regulators and SVM. While we don’t know that they’re all innocent, a number have taken aggressive countermeasures; some have been so successful that their stocks have rebounded dramatically.
The tour has been more thorough and transparent than even I expected. We’ve been privy to internal company documents, one of which is a daily tonnage report – something Rui sees every morning. It’s abundantly clear that if operations were exaggerated, it would have to be quite an elaborate hoax. We met with officials from two smelters the company uses, easily seeing that the grades they report match what SVM has documented. We met with the company’s principal accountant in China; a random review of one day’s tax receipts and the SVM’s internal spreadsheet show the numbers match. We also met with four officials from the National Tax Bureau, who informed us in no uncertain terms that SVM’s subsidiaries have generated substantial revenue to the local county. “We welcome any scrutiny,” they added.
I also asked many parties what they thought of the allegations. “They don’t know what we know,” said the deputy general manager at the Ying mine. “They can sell the shares if they want, but we will buy them.” The county tax officials informed us they were never contacted by any party regarding revenue or tax receipts. “The allegations are simply not true,” we heard through an interpreter. I asked an official at one of the smelters we visited what he thought of the allegations; he laughed. We had dinner with four local government officials, with the interpreter telling us the mayor was “pissed off” at the short sellers. And what about the workers themselves? “Many are angry,” Rui told us. “And some just laugh at the accusations.”
But perhaps the most important aspect of the trip and of determining if there is any truth to the accusations is the ore. We saw the parade of trucks drive by us, watched the weighing process, randomly leafed through stacks of records documenting the ore that’s passed through the gates, witnessed the ore being transported by boat and rail cart, looked on in amazement at the new 2,000-tonne-per-day mill in full operation, and observed piles of finished product waiting to be shipped to the refineries. And yes, we toured the Ying mine itself and saw with our own eyes those sparkling veins full of high-grade silver. I’ve got pictures of all this, and I didn’t hide behind any trees to get them.
We have a lot more on the agenda; by the time you read this I’ll be on my way to meet with another tax office and tour the GC and BYP mines. I’ll be filing a full report, complete with pictures and recommendations, for International Speculator and BIG GOLD readers sometime next week. If you have a vested interest in this stock, this is one report you won’t want to miss. I can tell you right now it will contain not only a complete analysis of every aspect of the company, but a very specific recommendation of when to buy.
In the meantime, based on my extensive discussions with management; review of reams of both internal and public documents; conversations with government, tax, and refinery officials; interviews with workers and supervisors; observations of plant operations; and putting my hands on high-grade veins running throughout the Ying mine, I have a message for the short sellers.
You’d better think about covering.
http://www.caseyresearch.com/cdd/peering-silvercorp#section0
http://seekingalpha.com/article/297184-silvercorp-metals-a-very-solid-miner-with-impressive-numbers?source=yahoo
We like to look at how much bang for a dollar we are getting for a ton of rock. When we look at silver companies, we look at Silvercorp Metals Inc. (TSX:SVM; NYSE:SVM) to get the most dollar-value/ton of rock moved. That makes Silvercorp an attractive silver play. It also pays a dividend. It is a fascinating way to play the silver market and get a dividend. When I compare it to the Coeur d'Alene Mines Corp.s (TSX:CDM; NYSE:CDE) of the world, it just has more value.
Zacks Investment Research, Inc. upgrades SILVERCORP METALS INC. from HOLD to BUY
If Silver go ballistic, they will need to cover this 25M shares short.
Downside risk is limited IMHO.
http://www.silvercorpmetals.com/