daytrade diaries... august 19 part 2, page-79

with the US$ fall overnight the short must be very nervous and thinking about closing this afternoon. ive seen it before.... they slam it at at 3pm to give them room to cover but LGL is due for a $2.60 bounce and it hit $2.57 today. im in at 2.49...ill make money today guaranteed.

He has to short cover. but there is only one short today.

Bet you im right. The US$ is what governs the short covering in gold.

LGL is massively over shorted.