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Short covering means everybody closes their short position with...

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Owenb79

3,232 Posts.

188

23/11/15

13:30

Post #: 16455811
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Originally posted by Michael27 ↑

Yeah I have read this on a couple of other sites as well Robbo....

The last paragraph took my interest.

"Short Covering Rally
This is when traders will probably really unwind these Fund Flows with buying Gold hand over fist, covering the substantial shorts in the market, and simultaneously putting new money to work in Gold and the rest of the Industrial and Precious Metals. And if it starts getting cold Oil might even get a bid along with these commodities. We shall see how this all plays out in the market, but $2 Copper could be setting up for an ample short covering rally before 2015 ends!"

The shorting will come to an end and I hope the shorts burn and fall over each other to cover their positions.....

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Short covering means everybody closes their short position with a profit and buys the stock back. The shorts will only get burnt if there is a huge rally and lots of buying which is unlikely to happen.

AVB Price at posting: 5.2¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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