Wednesday, January 11, 2012

John Hathaway: Short Squeeze in Gold to Crush Naked Shorts

from King World News:

Four decade veteran John Hathaway, told King World News that we are seeing the beginnings of a massive short squeeze in the gold market. The prolific manager of the Tocqueville Gold Fund said the gold market will turn dramatically against the shorts. Here are the critical observations by one of the most extraordinary 5-star rated Morningstar fund managers: “We had extreme readings in terms of sentiment, measured any number of different ways. Usually that means you are into the dry heave stage where there is nobody left to sell. What I think we are seeing here is a terrific short squeeze. I think this is going to get the shorts concerned and there are plenty of shorts that are naked here and have to cover at some point.”

John Hathaway continues: Read More @ KingWorldNews.com

No comments:

Post a Comment