Re: Short sellers switch attention to Durban Deep (15% short in dec)

verfasst von monopoly, 25.01.2003, 00:06

-->>Gold + 1,5% DROOY + 1 %
>was stimmt da nicht?

Short sellers switch attention to Durban Deep
>Short sellers switch attention to Durban Deep

By: Tim Wood


Posted: 2003/01/22 Wed 16:04 EST | © Mineweb 1997-2003


NEW YORK -- Short sellers - investors who borrow stock and sell it immediately with the aim of buying it back at a lower price - have maintained a remarkably consistent overall position against gold stocks irrespective of movements in the gold price.
However, they have shuffled their individual interests switching primarily from Placer Dome as it closed its acquisition of AurionGold, to Durban Deep. Another apparent target was Ashanti, which saw a doubling in the bet against it in November.

The overall short interest in the senior gold producers, representing five-eighths of the value of global gold equities, has been nearly constant at around 70 million shares.

Having averaged less than a million shares short for most of the year, Durban Deep suddenly found the position increased to nearly 9 million shares, or one-fifth of the float, in November. That fell to a sixth of the float in December. The primary beneficiaries are Placer and Harmony, the former breaking out of its flat performance as the “swap” took effect.

Kinross and Newmont have the biggest short positions against them in absolute terms, although Newmont’s is a whopping 42% of its float. That float is the second smallest in relative terms in the peer group after Ashanti

http://m1.mny.co.za/MGGold.nsf/Curr...1B285256CB60073B897?OpenDocument

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gesamter Thread:

• Gold auf 368!!!! Malik muß jetzt wirklich nachdenken;-) (owT) - Euklid, 24.01.2003, 17:42
  • Re: Gold auf 368!!!! Malik muß jetzt wirklich nachdenken;-) (owT) - Schwaigi, 24.01.2003, 17:44
    • Re:dass alle Welt auf die Technik starrt und nix vom Goldmarkt versteht - kingsolomon, 24.01.2003, 17:55
      • Re:dass alle Welt auf die Technik starrt und nix vom Goldmarkt versteht - Schwaigi, 24.01.2003, 18:08
        • Bernanke ist so ein Notenbankfuzzi der Geld druckt..... (owT) - Toby0909, 24.01.2003, 18:15
    • Re: Da werden wohl einige nochmal nachdenken müssen. - JLL, 24.01.2003, 18:17
      • Re: Da werden wohl einige nochmal nachdenken müssen. - monopoly, 24.01.2003, 19:13
    • Re: Short sellers switch attention to Durban Deep (15% short in dec) - monopoly, 25.01.2003, 00:06
  • Soeben Gold 370,25 (owT) - Palstek, 24.01.2003, 19:26