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Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 389.05+0.4%Dec 10 4:00 PM EST
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To: aknahow who wrote (12201)2/24/2008 7:53:32 PM
From: The Vet  Read Replies (1) of 29622
 
Mid Feb. Short Interest in GLD was 7,866,246 DOWN

That's still 24 tons of gold George, that some poor suckers are holding shares for that isn't covered by the metal in GLD's vaults..

and they have had 9 trading days since then to add to that short position (assuming that it was accurately reported in the first place). Market makers and specialists don't report short sales made for their own accounts and naked shorts are never counted until there is a default in delivery...
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