RE: Naked Short Ban
Thanks Boolish;
Can you tell when this release actually came out?
it's interesting gold and silver didn't do much for the first 10 - 15 minutes after the open..so it would seem the AIG and financial fiasco didn't initially give PM's a boost. It would be interesting to see if the boost today was more related to the SEC release...
Other interesting notes;
The first story today is from Reuters filed out of Beijing. The headline reads “China paper urges new currency order after “financial tsunami”. They would like the currency order to be “no longer dependent on the USA.” The story is linked
here.
Ted Butler pointed out yesterday that,
In this essay, Butler points out that “the ‘raptors’ (the commercials other than the eight largest traders) have not only built up a record or near record net long position in both gold and silver futures, they have established a record long position in call options for the first time in memory.”
His conclusion is, that “not only are the near-always-correct raptors positioned for an upside move in gold and silver, they are positioned for it to occur soon.” Let us all fervently pray that he is correct. The story, entitled “Welcome to the Jungle,” is linked here.
cheers;
b-blow-s-high