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Keyword: shortcovering

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  • Federal Reserve Confirms Biggest Foreign Gold Withdrawal In Over Ten Years

    11/29/2014 11:42:43 AM PST · by blam · 45 replies
    Zero Hedge ^ | 11-29-2014 | Tyler Durden
    Tyler Durden11/29/2014 A week ago, when we reported that in a stunning move, the "Dutch Central Bank Secretly Withdrew 122 Tons Of Gold From The New York Fed", and when looking at the NY Fed's monthly reports of gold deposits by foreign entities, we observed that "we can see that while the 5 tons outflow in 2013 was most likely Germany, the recent surge in gold repatriation from Liberty 33 was the Netherlands. That said, only 77.5 tons of NY deposits gold has been officially repatriated through September, which means the October update, when it comes out, will be a...
  • VW becomes world's biggest company as short sellers' panic drives shares

    10/28/2008 9:01:36 AM PDT · by TigerLikesRooster · 23 replies · 708+ views
    Telegraph ^ | 10/28/08 | Roland Gribben
    VW becomes world's biggest company as short sellers' panic drives shares Volkswagen briefly overtook Exxon as the world's biggest company by market value as panic buying by short sellers to cover positions drove the shares up 93pc. By Roland Gribben Last Updated: 2:16PM GMT 28 Oct 2008 Volkswagen briefly overtook Exxon as the world's biggest company by market value after its shares hit 1,005 euros as short sellers closed positions. Photo: Reuters Europe's largest vehicle manufacturer was valued at €296bn (£236bn), against $359bn (£227bn) for Exxon, after its shares hit €1,005 in early trading in an ongoing reaction to details...