Hey malaz,
I have read a few articles recently where their are quite a few companies long direct gold / gold ETF's etc but these same companies are also shorting gold stocks on the ASX as a hedge against any decline.
The fact that a lot of gold stocks are lagging the direct gold price plus the percentage of shorts on some of our large gold players ( Newcrest is a classic example ) gives me the impression there might be some merit behind this.
Check out the asx shorts here :
http://www.asx.net.au/data/shortsell.txt
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- ASX - By Stock
- GOLD
- anyone else sick of this?
anyone else sick of this?, page-5
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