Loading ...….“Under NO circumstance do I give you, Charles Schwab, or any other on-line Broker, my permission to lend/lease or otherwise allow anyone else the use the shares in my accounts for any purpose, including shorting.”
IMO this is the main reason the shares have lagged and continue to lag the physical. The On-line brokers are allowing and profiting from the above, which nullifies every purchase made, by someone using your shares to short the shares you just bought, and the Broker gets paid for allowing it. How this is legally possible I do not know, but IMO it also makes it so those shorted shares, somehow, are not required to be covered. FWIW and IMO! SNG