RE: the illegal short begin to be squeezed!!!sounds like we both smell something really bad here yvan, just not totally sure what it is yet. i see this patern with some of my other jr's also. i think we are going to find that there are some high flying child brokers (25-40) here that have been playing on the edge of legal to pay for their penthouses, BMW's and snorting dust. the firms they work for have been overlooking it because they are adding to the bottom line. party may be over.
I think Jim Sinclair has been all over these crooks from the start its just that no one wanted to listen to him because they were making to much money. Its a bit like this canadian housing market that is about to tank. real estate agents, the companies they work for and the financial institutions are still trying to spin it positive. take a drive and look at the listings, talk to the sellers, they can't get anyone to look at their house. i think these real estate companies and financial institutions should be held accountable for the kids they are getting into 40 year debt they can never pay off. telling the new buyers that this time its different should be considered fraudulent. in 12 months their homes will be 65% of what they are now. why would they want to pay for anything that is going down in value month over month. they will be walking away in droves and good luck to the banks that got them there. this is the denial stage and the first step in the pending real estate crash in canada that i think will be worse than the US. just read a stat last week that suggests that canadians have 85% of their net wealth tied up in their homes, if that doesn't scare the crap out of you nothing will. savings could plunge 25% overnight and the worst of it is that you may never be able to get your equity out.
gold and a good mix of gold companies may be the only safe place for the next few months. this time next year we should have a good idea of how bad its going to be. huge debt all over the world, election spin in US, energy shortage, food crisis getting worse, hell you could go on forever because its hard to find anything positives right now.