Shorts are Covering!!!!I went back and looked at the link Chas53 provided recently. The updated figures for 11-30-2011 on the twenty largest short decreases included the following:
1. Yamana Gold, -11,742,380 shares for a decline of 75%
2. Eldorado Gold, - 6,037,081 shares for a decline of 54%
3. Torex Gold, - 4,785,825 shares for a decline of 96%
4. Extore Gold, - 2,483,825 shares for a decline of 87%
We have four of the largest reductions in the top twenty being gold companies. In addition the shorts of Victoria shares covered almost 100% at the report for the period ending 11-15-2011.
Folks, when you see kind of action we're seeing it can't be very long before we see some terrific upside action. Now the shorts are sophisticated people so when they are covering on the scale we're seeing, I get real excited. The fact that the extent of the covering is this dramatic means something. I believe we will see that "something"in the very near future, like this week or next.
A Very Bullish Situation!
GLTA
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