Actually Von, the recent gold selling would have been locking in...

  1. 32,553 Posts.
    Actually Von, the recent gold selling would have been locking in profits from selling shorts over $1700 etc. Not to take new positions down at these levels.

    It may have been just one big player closing out for any number of reasons. Maybe they saw the opportunity to smash the pog down and took it. But you would think that most smarties holding shorts in gold would have been fairly relaxed with the situation and not desperate to close out.

    If I was a real gold bug I'd be saying it was proof they knew the pog was going up. :>
 
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