I just watched gold futures market into the close and it was...

I just watched gold futures market into the close and it was hectically traded up into the close to pretty much the high of the day.
June Futures price is US$2254.90 and AUD$3460.
There must be a heap of hedging (forward selling) going on by the gold miners, so, for the price to keep rising is really saying something. As much as the higher price is welcomed, it’s also a little scary to be honest. Powerful interests are buying up big, maybe an ominous sign of things to come.