Golden Minerals Company

My take is the following.

JP Morgan and their LBMA affiliates (under pressure of the CFTC) need to

1)Cover as much of their silver short position as possible in a short time frame

2) Maintain some kind of discipline (max 3-4 % rise on the day)

The only way for them to get sellers is to keep the price of silver rising against all chart technical odds. Even gold bug analysts like Chuck Cohen have started to call for corrections. That is just what JP Morgan needs, because it means more sellers. They will stop, when people start becoming bullish again, so we may still have another two weeks of steep, but orderly rises to go.