Hang Tight !!Gold is preforming its role as a safe haven and providing needed cash to meet margin calls. When the markets recover it will be the first asset to go up, as in 2009. As for Premier with the short position it seems like some group is trying to get control of the company. There are easier ways to make money than crushing rocks to get the gold out of them. It's a lot easier to run the share price down and then take over the company. Instead of paying $4-5 a share, try for half the price. For maintaining a 10-11 million share short position 200 to 300 million dollars in takeover costs can be saved. There can be no other reason for the short position. If I was shorting Premier I would cover the short and go long.
Sit tight. The gold price may hold much of its gains. Premier's gold production will improve with the start of mining in the South Arturo open pit. There is the unknown--- the company has already had a lot of exploration and development success---more to come? Soon investors will be looking for underpriced gold stocks to buy. Remember "Buy low--Sell high".
James Rickards has a good article on gold manipulation and how it will end on DailyReckoning.com. Some of it applies to other manipulation as well.