giddy up !, page-137

I think the reason many of us have gone quiet after being frequent posters a week or so back is because it is less clear of where BLY will go from here. At 48c I felt very confident coming in, but now at 58c I really don't know where it is going to go and it does depend on the gold price and the general feeling towards mining.

I did sell some when they went into the sixties but bought them all back at an average of 55c. Right now I am somewhat neutral about our chances of further gains but I do have a solid holding.

I think the shorters are just as unsure as I am. Here are the short percentages over the last 10 days

July 8th 9.98%
July 9th 9.81%
July 10th 9.54%
July 11th 9.14%
July 12th 9.15%
July 15th 9.09%
July 16th 8.47%
July 17th 8.35%
July 18th 8.43%

They have stopped falling over the last few days although it is a couple of percent less than it was a few weeks back.

GPASAS