RE:$40M short trade value jump in week March 1Well not quite mainly the cause purely on it's own.
Let's not lose site that on Friday 23 when the EDV sp was dropping the most, so was the POG, that at one point dropped as much as $74 and closed down $90 from where it got to on the Monday when the POG was getting closer to $1700. The market never saw the biggest POG drop ever in one day coming on that Friday.
The general massive drop in all the markets caught many investors out who needed to go to cash ASAP to cover losses everywhere else which mostly caused the huge sell off in gold.
My 2centsworth anyway.