My Dear Friends,

A major well known US brokerage firm has sent out packages to investors in a precious metals company. This is unusual, and one of the few times I have witnessed an attempt to borrow shares from cash investors.

In the stock loan system there are few if any shares available to borrow.

This initiative is an attempt to borrow shares to accommodate a major legal short seller in this company to satisfy delivery to the buyer.

Although it will always be your choice, facilitating an enemy of a company is counterproductive to your interest.

Personally, I will not lend one share.

Respectfully,
Jim