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<p>[QUOTE="V. Kurt Bellman, post: 2166941, member: 71723"]Miners and refiners often take huge "naked" short positions. They take them when they have no metal in hand, but in the ground only. It's called risk management. They know what deposits they're working and when they'll have metal to satisfy the contract.[/QUOTE]</p><p><br /></p>
[QUOTE="V. Kurt Bellman, post: 2166941, member: 71723"]Miners and refiners often take huge "naked" short positions. They take them when they have no metal in hand, but in the ground only. It's called risk management. They know what deposits they're working and when they'll have metal to satisfy the contract.[/QUOTE]
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