RE:Re:RE:RE:$1000/ounce silver?You and clubby are totally ignorant about what you speak about.
The trouble with these boards is that lit gives idiots just as much
posting time as those that actually have experience and knowledge
In fact, it is worse, because usually the morons keep posting, thinking that by sheer volume that their ignorance of the facts can somehow persuade others.
Clubby is referring to the just posted Short Sale Trading Summary for the last 2 weeks in January
If you note that during the last two weeks of January OGC price actually went up. 2.27 to 2.35
You may also note that OGC has a short position of just over one half of one per cent of its
total shares. You may have read that GME had over 100% of its total shares shorted.
It was similar staggerig amounts for the other shares that were targeted by Reddit etc.
one half of one percent is a long way from 50 to 140 %
And Clubby - the short activity is only important if they are committed shorts .
Committed shorts keep adding up like on GME etc. that is how you get a large short position.
Think of the 704 million shares of OGC as a voting mechanism
4 million shorts think it may go down, if in fact they are not shorting for other reasons like hedging, and 700 million think it is going to go up., or they would not be holding.
Hedge funds that short, short stocks that they think are over valued. There is a ton of risk shorting. These people are far smarter than us. They know that at any time Didipio could
be announced and they would get burned.
Please stop discussing that which you know little or nothing about and I look forward to
information that you do