The Mother Of All Short Squeezes

Discussion in 'Stocks' started by MrDODGE, May 18, 2009.

  1. BSE Sensex (^BSESN in Yahoo!)

    Shorts are getting raped hard tonight.
  2. tell me about it. i heard the election news on saturday and i was pretty sure there was nothing i could do at all.
    17% for a reelection- welcome to my country boys.
  3. ishanpoker2, you are from India?

    People still buying gold at these (high) levels?

  4. In india, People always buy gold for weddings, number of festivals each year.

  5. Yes gold is a huge part of the exchange of gifts that take place during weddings. Consumption for this use is seasonal usually in spring and late winter.

    India also has two main gold buying festivals that coincide with Diwali which is usually at mid october to late november.

    This graph however tell a different story.

    Selling gold for cash is also becoming more common and advertising for these companies has increased x10.
  6. Thanks for the update.