Loading ...One of the features of the PM stox decline has been short selling, especially by spreaders who go long gold and short the shares.
The SEC hasn’t given a damn about enforcing the shorts to borrow the shares they short, consequently an unlimited amount of shares can be shorted and never settled, which is one of the major reasons that the shares have performed so badly. Which has encouraged the outright shorting Algo’s, to stay short and pile on ever more shorts.
Well maybe now as those same Algo’s start shorting hell out of the general mkt , the SEC may be forced to police the mkt properly, which will force an awfull lot of PM stock shorts to cover when they can’t borrow the stock.