SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Short Squeeze Stocks
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: CapitalistHogg™ who wrote (42)12/2/2005 9:20:26 PM
From: siempreRead Replies (1) of 140
 
here's more on the short interest which has accumulated
& why...good stuff imo...

This is a $2.3 billion position sitting in the combined portfolios of some major houses around the country.. and probably overseas. I expect that these shown here are but a small percentage of short position held in all gold producers mining shares.. but if we assume that these alone represent 50% of the total short position, that means there are probably $5B or more in shorts.

Look at Goldcorp and Barrick! $1.3 billion in those two alone!! If these shares gain 25% and these shorts have to be covered... that's a negative bottom line exposure of about $.5 Billion for those listed and at least $1B if the assumption I have made about the total value of shorts being at least $5B.

From my limited perspective.. that's massive. What's your take on this? Is this the reason the gold companies have stalled in the face of a rising gold price? Looks like a contributing factor to me.

Someone is betting that gold corrects in a major way...currently 502.90... like $450 or less, that would pretty much drive down the shares by 25 - 35% and the short sellers would win. I cant see that happening, but in the meantime... someone is betting major amounts of money that it will.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News