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« Entire Precious Metals Complex At Major Resistance | Main | Gold miners to slash reserves as price drop forces revision »
Monday
Feb102014

Top 5 TSX Gold Short Positions

By  - Exclusive to Gold Investing News

Last week, Chris Damas of the BCMI Reportpublished a list of the top 20 TSX short positions for January 31. Damas has been putting the list out every two weeks or so since the end of December, and his intention is “to discern potential candidates for purchase or sale.” 

As he explains in the first iteration of the list, knowing which companies have a ”large short position relative to the public float and daily trading volume” is useful because a a big short position “is often a sign unexpectedly good news or a general market upswing could boost the stock more than expected.” On the flip side, it can also indicate that “investors know there are undisclosed problems at a company, or that disclosed problems could get worse.”

Damas’ most recent list includes five gold companies; here, Gold Investing News takes a look at those companies, commenting on what they’ve been up to lately and if they’ve seen significant share price movement since the list was released.

Osisko Mining — short: 43,056,301

Osisko Mining (TSX:OSK) has been................

To read this article in full please click here.

In September 2011 the Gold Bugs index, the HUI stood at 630 as gold prices peaked, since then both have trended lower with the HUI losing about 65% of its value. The bottom has been called a number of times and after such a dramatic decline its difficult not to think that we are there now. However, as we all know the timing of any investment is crucial to its success and that is exactly what we are trying to do here, trying to pick advantageous entry and exit points. If you would like to know which stocks we are buying and selling please join us atStock Trader our premium investment service.

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Reader Comments (2)

HI,

The GDXJ is up over 40 percent since Jan which means the small miners have been doing very well since the first of the year. I have been hesitant to buy as I know you guys are still negative in the sector. After the new Feb Chairmans speech today Gold took off. I missed the speech, but I assume she must have backed off the feds Tapering? Things seem to be changing, especially in China, as you wrote about today and Gold seems to be going up daily. Love to hear your thoughts. I purchased the NUGT two weeks ago which has proven to be a nice trade. However, hearing a lot of mixed opinions until today about the miners. Everyone seem positive on CNBC on the miners and gold. Appreciate your input..Gary

February 11, 2014 | Unregistered Commentergary

Hi Gary,

As far as we can ascertain tapering will continue, so it was strange to see gold go up, but it is coming off now by about $5 or so.

GDXJ finished the year at $33, so it is up about 27% this year, a few years ago it was standing at $150, so it has a lot of work to do.

I cant go into details about which stocks we are buying or selling as that sort of data is for our subscribers only, but you are of course welcome to join us.

Take care,

Bob K

February 12, 2014 | Registered CommenterGold Prices

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