I agree Dontcryforme, that the longs are the ones who have invested and are holding the hard asset even if we have been smacked around for sometime. The shorts and algo traders have had it their way in AUM and many other precious metals stories ever since the fall of 2010 while those investing in real assets and trying to be investors have been given the shaft by the levered free/cheap monied players often referred to by Norcini and others. This will end and for sure there are good indications in how the HUI has acted lately to indicate this reversal has started as for sure the HUI has traded differently the last couple weeks.

So the gambling shorts had better beware for what they have wrought may have equal and opposite effects if they get caught hanging around too long or trying to get the last morsel.