'someone or something as an aggressive seller of spot gold at the $950 level. There was a strong seller at that same level back in late March, and we assume it is the same seller this time. "His" persistence has to be admired. However, when $950 was touched and turned back in March, the market had run straight from $900 without any consolidation along the way, and so when it ran into this seller it was already exhausted... '
Funds use quantum trading systems, so there could be any number of sellers at 950.00, or even market makers if potential buyers are drying out and possibly lower. Trying to turn the opposition in this case into maybe one individual 'he' seems to be an emotional reaction to general market conditions and technical set up...JMO.
I'm not a gold bug, just protecting my investments against the ravages of inflation and worse case scenario.