Thanks Chuk,
A great level of info there.
My short cover was specifically relating to a rally in the POG. We are now entering the month with the highest gains traditionally - September. We are also due for the markets to roll over with them hitting fresh highs on low volume particularly the S&P.
With talk that the Russians have moved their forces into Eastern Ukraine and the potential for allies to be involved in allied bombing in Iraq and Syria the wick seems to have been exposed just waiting for someone to strike the match.
If gold was to rally to $1400+ it could start making the shorts very nervous.
MML Price at posting:
$1.21 Sentiment: None Disclosure: Not Held
(20min delay)