Have been intently watching the buy and sell of this stock for some time now.
This in my view is the main player JPM and the paper silver price almost always dips into the close EST.
Though the buys have larger orders the sell orders also conincide with the fading siver price towards the end of the day.
There is always a wall of sell of around 10 million shares on the offer. Though this was taken out swiftly on the Company news yesterday it soon re-established itself. The large lots of 2 and 3 million have not been seen now for awhile but there is always a one mil offer with a number of half mills. The bid side is always loaded with a few of small number to make the bid look weak.
A number of analysts point out that this is happening to most pm' stocks across the globe and in particular silver miners.
JPMorgan are major holders of AYN and are the highest percentage bullion bank in the silver shorts. I have seen 95% quoted which seems a bit over the top, however a major short squeeze would apparently wipe them out.
If this is the case then I do worry that if pushed they may have to liquidate shares quickly which could drive the price down a great deal in my view. And I think it would occur if we had a sudden silver price spike beyond US$50.
What do others think on my take?
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