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.
Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?


To: aknahow who wrote (12201)2/24/2008 7:26:47 PM
From: TH  Read Replies (1) | Respond to of 29622
 
george,

I suggest you purchased Reynolds Wrap. I tried to save a buck and bought the Costco Food Service wrap, and its no damm good. <They> can still read your thoughts.

Thanks for attempting to straighten this out.

I'm curious only because I've thought of parking some cash in GLD when I'm bullish on the metal but not miners. All my gold is 3D, and there is no debate about that existing and the possibility of shorting it is zero.

GT
TH (stands for Tin Hat)



To: aknahow who wrote (12201)2/24/2008 7:53:32 PM
From: The Vet  Read Replies (1) | Respond to 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...