Post by
invest234 on May 17, 2021 10:54am
run shorty run
shorty has stubby legs. with the gold price going up, shorty is just losing money if he does not cover.
Comment by
menoalittle on May 17, 2021 12:08pm
quite likely that most of the GCM short position is also sufficiently long GLDX (it's called arbitrage,) so the move here is undoubtedly coming from real buyers. Which is no surprise, given both the last earnings report and where the price of gold appears to be headed. (I'm thinking 1950, in the short term... shortly after taking out resistance around 1870, of course.)
Comment by
invest234 on May 17, 2021 12:35pm
if they put on that short at a higher price, they can cover to take that profit instead of watching gcm go back up and lose that profit.
Comment by
clubhouse19 on May 17, 2021 1:25pm
You see how scared the short traders are...they let it run to 5.58 and just a little later...where is it now .... 5.38 Another good trade for me today knowing full well how GCM could not hold any meaningful rally..
Comment by
ClubHouse18 on May 17, 2021 1:43pm
Look at this guy. Waited all morning hoping for a price drop. But before he could even finish his post, we're back up to $5.55.
Comment by
menoalittle on May 17, 2021 2:00pm
i have him on ignore for a reason (that's really not too hard to figure out... lol.) Doubt this slows down much before 5.90-6.00, where it may pause a little as it breaches 200 dma
Comment by
ClubHouse18 on May 17, 2021 2:09pm
I just feel bad for him, want to understand what he's going through. What drives him to just talk nonsense all the time?
Comment by
ClubHouse18 on May 17, 2021 8:45pm
A few hundred grand and you're on here babbling nonsense lmao. You think anyone believes you? Also, weren't you in love with BTO? It also has 60% to reach its high. Thank you for continuing to come back here, we all need the laugh.
Comment by
clubhouse19 on May 18, 2021 10:22am
L:ike I said you ignorant clown a la sopr-anus...watch and learn !!