Ed Steer has said this more than once: "...plus the boyz pulled their bids the moment that London closed for the weekend. Gold cratered more than $20 in less than an hour."

What boyz is he speaking of? I don't think the big or spec-fund longs would pull bids, since wouldn't they be shooting themselves in the foot betting against themselves by letting the price fall when they're long? And why would the cartel that's capping gold by selling be bidding for gold anyway? Wouldn't they prefer gold to go down or stay down? So who are these guys who have the clout to collapse the price by yanking their bids?