Jim Welsh notes that while there’s ample room for criticizing hedge funds, the practice of naked shorting needs to stop. GameStop had 140% short interest, that’s 40 percent more shares than existed were actually short. How can this practice be justified and it’s been happening for decades. In addition, hedge funds often hire PR firms to further drive down the price of the stocks they are shorting. Is this proper?
Jim says the S&P 500 is heading for a correction and then thank to easy money compliments of the Congress, watch for the rally to happen.
Mother of all Shorts Part Deux. Short bets against the dollar have increased. However, the ECB is looking at weakening the Euro to make their economic programs easier to implement. We’re going to see a rally in the dollar index. How will it affect gold and silver?
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