This is the first time ever the commercials couldn't covertheir short when the price pulled back. When we took off up from $1450 the short position acutally increased from the previous $1566.20 high. Big buyers are coming in and not permitting the banksters to get out of the short position. The scummy banksters appear trapped. MANY central banks outside of the US and big money such as Ray Dalio's, see the massive money printing and are now buyers of gold. The banksters now have the largest short position in history and cannot deliver on the physical commitments. Negative interest rates will boil the skin off of gold shorts if the FED chooses that route and the debt is so high they cannot allow rates to rise. High prices are soon to be here . Shake outs like today are just a short term farce. The big buyers are moving in and burying shorts even deeper.