Loading ...and a SHORT position has been CHEAP to maintain…BUT if RATES rise the SHORTS get expensive to hold.We could see a big SHORT COVER RALLY.
If the cost of money goes from 1 % to 2% it DOUBLES the COST of holding a SHORT position. JUST like the DEBT payment doubles in the BUDGET ….It was easy to cut rates from 5 % to 4% but but but when it goes UP from 1 to 2 % thats doubles the cost of everything including carry cost of a SHORT POSITION … FAST and FURIOUS …will take on new MEANING FOR SILVER SHORTS ..MAKE MY DAY JANET !