RE:Do you want to complain about naked short selling?The US Federal Reserve is the only Central Bank which has shorted gold.
The reason is to keep gold at a price that would not hamper their need to sell high interest $1,6 Trillon in bonds needed to cover the 2024 deficit .
As part of this strategy, most gold stocks are shorted in order to mute their attractiveness for investment capital.
The downside is the fact that many bank stocks holding USTs at 1% interest are losing tons of money reducing their asset values below liquidity test standards .
Plus, real Comex gold holdings are now well below their paper sales.
Somethings gotta give soon and it won't be POG ..