Allied Nevada Gold Corp ANV

Short Squeeze

[skys1]

You are witnessing the short squeeze I have been telling you to expect for the past several months. Since June, ANV is up about 40% while GDX is up 15 over the same period. While 40% is a very nice move, "you ain't seen nothin yet". This started with 37 million shares held short so we have a long way to go. Sit back and enjoy the ride.

[BREAKtheCOMEX]

The funniest thing is that the shorts have poured another 2+ million shares short over this same period (as of Aug 15th).  Talk about desperate.

[skys1]

BreaktheComex, I was surprised at the new short interest totals as well. Since 8/15 ANV was down only 1 day and that was for only .05. I thought for sure the shorts must have started covering. Instead they added another couple mil shorts. To think that could happen while the shorts are still adding means that when they finally do start to cover, this thing will explode.

[skys1]

Has the short squeeze finally started? Since the start of the month while the gold price has been hammered ANV is up another 10%. We have two presumably bullish announcements coming within the next month or so; the final feas and word on a deal to finance the mill/mine expansion. My hunch is the shorts have started to cover in advance of these two coming PRs rather than possibly getting stuck in