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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Message: Re: Midas: Why PM Shares Sputter
1
Nov 17, 2009 06:40PM

Mornin Hobbers

" A profitable strategy it seems, but for the life of me I can't see how, or why."

What honest people don't get is that these funds never use their own money. They sell short the shares to fund a leveraged position in physical gold and silver. Very high leverage!

Hi risk to be sure, but by focusing shorts on juniors, they greatly affect the ability of the shorted stocks to rise. The zillion $ question is 'are the shorted stocks naked or honestly shorted' (if that's not an oxymoron).

3
Nov 18, 2009 07:52AM
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