US Precious Metals (fka USPR)

[russo123]

Ima try this one more time. The USPR short information posted reflects short "sale" reporting. That means any trade that the seller (defined as the market maker who is facilitating the transaction and charged with reporting the trade to the tape, not the actual seller) is not long USPR.

Any trade, whether the sale is reported to the tape as a short sale or a long sale, has T + 3 days to "clear". At any time during the T +3 days, USPR shares can be delivered, a USPR cert can be deposited, a mm could purchase USPR shares he "shorted" from a customer he knew was a seller of USPR....

Shorts "sales" don't matter. They can be cleaned up by settlement date. What matters is short "interest". Short interest shows short positions in USPR that people take as an investment strategy and remain short past settlement date.

The most recent short interest in USPR shows 29k shares shorted as of the last reporting date of Sept 15th, as required by the SEC. 29k shares of USPR are currently short as of the settlement date of Sept 15th. That's a little different then the 100's of thousands of shares of USPR shown on the short "sale" reporting report every day for months.

Hope this helps.