First Mining Gold Corp (FFMGF)

[HONU]

Quote from Ed Steer regarding shorting in First Majestic (AG).
No doubt FFMGF is feeling these effects as Keith Neumeyer is a target for nefarious shorting. I want them to burn.


As I said in commentary earlier this week, the price declines we're witnessing in the precious metal shares has been out of all proportion to the declines in the underlying precious metals -- and it has been particularly egregious since the beginning of May. I don't know if this is redemptions from precious metal mutual funds or hedge funds or not. But checking over at the shortsqueeze.com Internet site just now, I noticed that the short positions in both First Majestic Silver and Pan American Silver shares have certainly risen by notable amounts during the two weeks ending on April 30, the last report available. So I would suspect that aggressive and on-going short selling is the main culprit here. The only positive thing about this is that during the next major rally, they will be rocket fuel added to the next big rally in silver -- and with the COT set-up back in what I'm sure Ted would call "wildly bullish" territory, it shouldn't be that far off...so keep the faith!

http://news.goldseek.com/GoldSeek/1557694755.php#disqus_thread