Replies to post #8876 on A.I.M. Users Bulletin Board (AIMUSERS)

[PDAH]

ljk
I believe as long as the sell doesn't settle on the 31st then you get the dividend. if the sell settles on the 31st you would also get the dividend as you still owned it on the 31st.
I could be wrong but i believe it is the settlement date not the day you sell the stock/fund as it takes 3 days to settle the transaction.

Pete

[Rien]

I meant to respond to your earlier post about silver today. Do you have any idea why it has been moving?

The silver market is rather simple (that is why I like it): The consumption is bigger than the production over the past 14 years. The only reason why this was possible is that lots of above ground stock was sold. There are (were) two big sellers: The US and China. The remaining stockpile in China is unkown, but the US stockspile does no longer exist (the US-mint now has to buy silver for their coins).

In addition, silver was a "sure short" due to the stockpile sale.

Since the recent move was way too fast for normal price moves, I suspect that some short shorts have been forced to buy, or a huge speculator/trader manipulated the price up to fry some shorts (and profit in the process).