RE:RE:RE:Gold up 1%if all those shorts are a simple passive arbitrage as you say (shorting gcm and buying goldx in case goldx gets a higher bid), then why was goldx trading at an ~8 cent discount to gcm for the longest time until recently, and why would a
passive arbitrage be desperately trading 33% of the volume?
menoalittle wrote: some of you are either quite ignorant or very, very dumb. the short is an arbitraged position that will disappear entirely come next week when the GLDX shares are exchanged for GCM.