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Message: Charts & Comments

Hands Up, This Is A Naked Short

Naked shorting by 'CIBC' is not confined to just one broker, but comes from numerous sources, all trying to beat down the stock. They tried to plunge the stock unsucessfully, though I would say that there are half a dozen brokers all looking to settle their shorts right now. My guess is the bottom is in. You can see how its done here:

source: stockwatch

The problem with the sell-side broker is that he has no time to watch the gold price, nor does he have the reading skills to take on simple, straight-forward technical reports.

-F6

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