RE:RE:RE:RE:RE:RE:RE:RE:SHORTS ARE UP 25,000 AS OF MAY 15Agree. How in the .... can someone short unless they have total confidence the gold price is unsustainable? I think it is sustainable. The geopolitical and financisl reasons that brought it here haven't gone away. In fact they are worse. And also, the gold price is no longer in the hands of Americans. It's set by many billions of others in the world... Asia, eastern Europe, BRICS central banks etc.
$400 an ounce extra revenue than a little while ago. That's 400 x 160000 = $64 million extra cash coming in by next spring.
U'd have to be a real genius to burn all that money and leave ur company with nothing to show for it wouldn't you