OTCQX:FSXLF - Post by User
Comment by
savinfamilyon Jan 05, 2021 2:02pm
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Post# 32225085
RE:That's OK Jeff,
RE:That's OK Jeff,braindeadoldguy wrote: Crimex, known as comex, has a game they play well for their own pockets. They have changed the rules so they can pay in paper money on demand. At this time, you can't beat the house.
one fresh news dedicated to my friend, Brainer, talking about CRIMEX, LOL.
https://www.reuters.com/article/us-canada-coronavirus-hedgefunds/hedge-funds-raise-mining-shorts-as-covid-vaccines-seen-tamping-gold-gains-idUSKBN29A13X "
Short trades as a percentage of total traded volume for Barrick Gold rose to 24.8% for the second half of last month, from approximately 14.9% for the first half of December, according to filings reviewed by Reuters.Newmont Corp saw an increase to 11.4%, from 8.8%, over the same period, while trades in Kinross Gold rose to 20.6%, from 18.2%, according to the data. Hedge funds typically engage in the practice of short-selling by borrowing a stock from an institutional investor, such as a pension fund, and selling it back at a lower price when shares fall, pocketing the difference".
But don't forget: in gold, we are in a seccular uptrend (since 2019, for another 7-8 years, even more) and, cyclically, each short sell and mainly each short pressure is finishing by a short squeeze (quicly cover of short positions by buying in panic all what it could find available in the market).