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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: zappy who wrote (60399)	7/18/2008 3:43:59 PM
From: tyc:>	Read Replies (2) \| Respond to of 78407

I will if you can explain to me how "borrowing" stock and then selling what you have borrowed helps the situation. whenever there is a short someone is uncovered (which is what naked means)... settlement using borrowed stock leaves one broker naked. It duplicates (or counterfeits) the single share issued by the treasury. If you are a Canadian, ask your broker if you can short a stock. He'll reply YES providing you have adequate margin. The suggestion that he "borrows " the stock and lends it to you is, to my mind, ludicrous. Enforcement is what is required ! not more spurious rules