Those who come on this message board to bash longs have got to be experiencing extreme pain as PMs have made extraordinary gains recently. You know who they are, one in particular. Look for them to soon disappear as their new avocation will be panhandling on street corners to avoid starvation. Perhaps they should give out a PO Box to give to this message board to request charitable donations in order to relieve them from their current losses. The income from such a request should only set back the donors a small percentage of their current gains.
The losses these shorts are experiencing are shortly going to make them disappear from this message board. When that happens you will know where to find them; on freeway off-ramps, in front of markets carrying homeless signs, overflowing the capacities of charity shelters, raising the statistics of the banks for increased mortgage defaults, and many other typical locations not to mention adding to burgeoning Federal deficits.
For those who wonder why silver hasn’t moved up recently; it is because this is a bankster driven updraft. The mega central banks rarely get involved in the silver market due to storage costs. Wait to see how willing they are to keep driving the price of gold upwards, wait for a pullback, and then dive into the silver sector for the next leg up.
They didn't lose their shorts. They tossed em in the trash and covered them. Nice to see a good short squeeze from time to time. Seems to quiet the board down a lot also. They go lay down in the corner and lick their legs!!!
To dalerobin777 who said "These shorts had better be using puts as a short has UNLIMITED amounts they can lose..." that is excellent advice. Hopefully they realize this or they are down the proverbial toilet.
Jeeez! Do they put some of these fiat-ists in a rubber room and program them to imagine that all of the geology, engineering development and materials processing has no value in comparison to paper assets. They must spend their nights listening to George Noory and think dark matter (as in counterfeit money taking on value) actually exists. Maybe someone has an explanation for characters like this, as it really is other worldly. Or are they really examples of aliens from outer space? Maybe they’ve the alchemists’ formula to transmute paper into gold. Oh yes! They do it, but it’s called fraud, as in fractional reserve banking. But fraudsters do have their talents as they’ve bought the airwaves, politicians and houses of worship in order to brainwash the public into believing in their alchemy.
I saw a homeless guy blowing another homeless guy on the freeway off ramp for a few bucks, guy said he shorted gold in 2007 and was so depressed he got hooked on smack. Could happen to the shorts here.