AlchemistThe bullion house may be selling, but how do you know...

Alchemist

The bullion house may be selling, but how do you know that they are opening shorts? It is more likely that they are:
1. Closing out long positions (profit taking); or
2. Hedging new OTC gold forwards, where they have been buying future production.
There are more things going on in the Gold market than are conceived off in GATA's wild imagination.

Good luck