dow plunges 208 is the jig up?, page-22

All4one

The open interest in June Comex gold has fallen from 158,000 contracts (15.8 million ounces) to 10,500 contracts (105,000 ounces) in week.

http://www.cmegroup.com/trading/metals/precious/gold_quotes_settlements_futures.html

There isn't going to be a short squeeze.

The market doesn't invest in futures. They USE future. The June contract is finished, except for a few participants who want to deliver or take delivery. The rest of the market has moved on to the August contract.

Do we need to have the same debate in two months time?