Hi Skol, what did you think of last night. Looked like stop hunting pure and simple. I know you may have a different opinion but last few times net longs have positioned for the week the price was driven down and when the net position length was a bit shorter this week stop hunting triggered big volume. It really looks since gold has been range bound at these levels big money has been squeezing weak hands using economic data as a bit of an excuse to crush the tight stops. All IMO of course. This is why highly levered investments suck as all the positions can be shared similar to FOREX rigging and the big boys make money at will.
