TSXV:AUN.H - Post by User
Post by
AngelEyes3on Aug 08, 2011 2:22pm
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Post# 18917592
What is killing the PM shares
What is killing the PM sharesNaked shorting that simple. Over the last two weeks gold and silver were firming yet the shares of most companies was tanking. What is taking place is Hedge funds are still going long physical gold and silver and shorting the shares on the other side of the transaction. This has caused share prices to be historically low. Even today with firmer physical prices many of the gold and silver shares are being tossed away for cheap. You need to write letters to the Canadian Securities Exchange and demand that naked shorting be done away with and for that matter any shorting. This has created the gambling game that is taking place on most exchanges today. I have written them several times and get the standard answer. Unless others do the same we will have these games played on us until they drive the share prices of many juniors to zero. At that price they do not have to pay capital gains and that is the game they want to play. Again only my educated opinion LOL