The shorting of the mining stocks continues unabated. In the last two days here are the numbers from ShortSqueeze.com(subscription required)for several select companies:
8-16-2011; AEM 41%; AG 40%; GG 25%; NEM 54%; PAAS 31%; RGLD 55%; SLW 24%
8-17-2011; AEM 40%; AG 43%; GG 47%; NEM 52%; PAAS 54%; RGLD 43%; SLW 34%
These are percentages of short sales in relation to total share volume on the day. We looked at those dates, with gold and silver up nicely, all of these companies are down 2-3%. Why would anyone be shorting a company whose revenues and profits are going up?
