Loading ...I guess I mean the banking shorts. It seems like they have a backstop, and I wonder if they ever HAVE to cover. It seems like if they actually had to cover their paper, this game would have ended with much higher prices a long time ago and they wouldn’t be able to trade a year’s worth of production daily.
One thing seems clear though, their Achilles heel is having to come up with the physical metal in mass when longs demand delivery.
It was good to listen to Lanci’s perspective. It has felt like old times the last few days.
Looks like there’s going to be a lot of eyes on NEM earnings tomorrow. You can bet the scum will be on it.