I wonder how many contracts and how many tens of millions of ounces they had to dump to break down this market? On top of the huge exposure they are already short. Despite a growing shortage of physical bullion. No worries, this too shall pass. You cannot resolve a shortage by depressing the price of a commodity further.
I am happy that I am finally getting filled on some of my stink bids. A lot of gaps left below the rise for many juniors are going to be filled today, and then the stocks are much stronger on a technical basis for the next phase.
cheers!
mike