re the shares….I have a new theory……the Gold buying wants delivery…..so the bums selling have to deliver, they can’t use paper shorts as the buyers turn round and EFP the paper shorts back to physical…..whereas the share sellers apparently are never asked for certificates, or rarely and the SEC does nothing to police the situation…or close to nothing…..So the machines just see every rally as a better level to short from….
At some point though the dividend yield is going to be so big, tks to how cheap the shares are and how much money the mines make from high metal -prices that buyers will pour in for the yield and then the machines will be caught out…very badly…..