Slim's mining group upped bet against silver in Q1

``Billionaire Carlos Slim's Minera Frisco mining company increased its short position in the silver market in the first quarter to fund its development program, according to company filings... As of the end of Dec 31, Frisco's silver options collars amounted to 45.280 million notional ounces with an average put price of $21.79 per ounce and an average call price of $39.70 per ounce.'' -- Their mark-to-market loss is now merely $500M or so, rather than over $1B recently, with the silver pullback. But hey, who's counting?