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Short Covering in Gold & Silver Shares In other news select gold and silver shares continue to bounce back after short positions have been put on the sector. Short positions have been rising throughout all of last year and this year. Normally we would have the current month’s short positions to report to you at this time. They are normally released between the 13-15th of each month. This month they have been delayed. However, watching the action of gold and silver stocks, it appears that there is a lot of short covering that is occurring judging by money flows. As the charts of SSRI, PAAS and SIL indicate, large money went out of these stocks beginning in December, reflected in the red line. Now that money is coming back in. It can be assumed that some degree of short covering is taking place since short positions increased remarkably in Q4 and Q1 of this year. We observe the same pattern in gold shares. It is assumed that short covering is also taking place in gold shares. Not shown in the charts is individual money. Money flow patterns indicate that as precious metals stocks were going up from November to February, individual investors were attracted to the sector. While they were buying, the big boys [institutional traders] were shorting. Now those positions have reversed. The little guy is selling; while the big boys are buying back in. (Financial Sense) |
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| aus der Diskussion: | Durban Roodeport Deep Adr (DROOY) |
| Autor (Datum des Eintrages): | peter.wedemeier1 (20.03.03 08:35:48) |
| Beitrag: | 115 von 421 (ID:8935721) |
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