Because they would never sell as much as they can only to cover within the 15 day reporting period so it will not show up on the outstanding shorts. Would they? LOL
Called rolling shorts.
Nice day for a day 2 take down in Gold. Notic the pattern change. This is a concerted effort to bring down oil.
If Gold consolidates or recovers today then a nice little up channel will be in place where the bottom is around $90 on the gld
Reg Mills