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

To: Rocket Red who wrote (60429)	7/21/2008 12:44:43 AM
From: LLCF	Read Replies (2) \| Respond to of 78439

<DTC and brokage houses make millions and millions over and over again on naked shorts.Hence they are couterfiet shares and hence they don't even have too be covered thus its free money. its called robbing the public> This is true, I'm sure... if they don't bother calling and borrowing the stock, they don't pay borrowing costs and their "spread" widens. Whey you've got 100 day traders punting around shorting and covering, shorting and covering it's costly to call and borrow all the time. Even big brokers probably borrow what they think makes sense. BTW, brokerage houses have been lending out stock and making hundreds of million for decades without the shareholders ever knowing about it. DAK