It is quite obvious that those that are shorting the gold market have endless supplies of cash. Is this because they are the banks that are able to borrow at close to 0%? I will play the odds and continue to $tack $ilver and gold.
Before this latest speculator gold-futures shorting binge, the gold price was stable all year near $1300. But between mid-August and mid-November, American futures speculators alone borrowed to sell another 90.6k contracts. This ballooned their total short position by a staggering 126% in just 13 weeks! No wonder gold prices were so weak in recent months in the face of such a massive deluge of new supply.
Gold Shorting Exhaustion - GoldSeek.com