Guanajuato Silver Company Ltd V.GSVR

Silver Up, Again

[ErinBrockovich]

Volatile as a cat on a hot tin roof. Silver up and down. Now up. Silver is at 24. Gold above 2k.  Waiiit.

[Varadero]

Apparently, someone is dumping shares to keep the price around .28 for the past few days and doesn't want GSVR goes up. Most silver juniors are up 5-10% since yesterday. Any idea?

[ErinBrockovich]

Likely short sellers on the attack. But they will need to cover soon.  Index is buying.    @lexcon usually the initial add to an index does have a large move in SP---but after that the rebalance is not so much. The current weighting is 0.21% of AUM...assuming AUM remains constant then say a bump to 0.26% weight target is 0.05% of AUM (0.0005 x AUM) Net assets is

[ErinBrockovich]

Often juniors lag bigger companies. Moves can be quick when they happen. If silver rallies past 26 dollars it will be hard to catch up with the likes of GSVR.