But don't they have different plans A41? Sorry mate couldn't...

But don't they have different plans A41? Sorry mate couldn't resist.

Well what is coincidental is the USD is strengthening across the board & gold is pretty much stable in currency terms. Yes there has been shorting of gold, however there would have also been shorting of currencies. The whole market has pretty much a one way bet on the dollar at the moment & after years of flow out of the USD chasing yield, its going to take a while for that massive flow to shake out.
I really don't think there is much more to it than that.
If there was, gold would also be much lower in currency terms & its not.

In saying all that the physical demand season has only just started, so this should start lending support & the gold shorts will need to cover at some point.
My bet is we will see a base form around mid October, unless something else sparks a short covering rally earlier.