Gld

[SethArb]

what is going on this am in GLD ?

are some funds paying up in it to try to hedge against

their short GLG positions with GLG to open way higher

on merger news with GG ?

it would be cheaper for them to buy spot gold loco london

or dec gold futures ... but maybe they can only buy and sell
equities ?

 

[Martha Stewart]

Looks like Glamis and Goldcorp have 3.4 M and 4.4 M shares out in a short position.
Should see some short covering with the merger news.
GLG will have a bit of a run up today.

MS