average plus after the 10 last presentations =3 %This translates into a roughly loss of 3 million USD for the shorters per presentation day !
Take a 1 year review:
Within the last 1 year we had 10 presentations (source PVG Webpage).
From the close of the day before the presentation to the close of the day after the presentation we had an average plus of 3 % (2.98% to be more sharp in the calculation, source historic quotes from Yahoo Finance).
Make a roughly count: 10 million PVG shares short = 98 US$ million cash short.
3% of 98 US$ = 2,94 Million USD average loss for the shorters per presentation day within the last year...
I guess I shall add carefully some more PVG shares at closing time today.
If shorters continue to let their Algos sell blindly PVG shares it is totally OK for me. Nothing to worry for people who want to buy deep discounted gold ounces in the Canadian ground.