why are they falling, page-12

GRY is being struck by the shorters stick. If it is any comfort, ASIC shows that total shorts have been declining for the last month, so I suspect that they may be unwinding their positions.

As at 29/11 (ASIC is always delayed) there were about 15 million open short positions or about 4% of stock. That had come down form a peak of 5.64% earlier that month.

**What the net shorts are, I can't tell you for lack of available data.

Yesterday 700,000 ( 15% )of the total volume was short selling.

To add insult to injury the gold index is down 1% today and the POG hasn't been roaring along of late.

Short positions are diminishing and lets see if she holds these levels at today's close.

Links as follows:

http://www.asic.gov.au/asic/asic.nsf/byheadline/Short+position+reports+table?openDocument

http://www.asx.com.au/data/shortsell.txt

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Fundamentals still look very good and I expect a solid bounce. Certainly NOT in the AMX league as they have poor grades nor the AZM bucket because their DFS was a complete let dwown.

GLTA