Kitco mentions the $60 downdraft in gold today and states it is heavy selling pressure from profit-taking and weak longs. Not a word about shorts in the market. Do they believe someone felt like selling 7,000 gold contracts in a couple of minutes of trading, in the middle of the night, so they could take profits? And what really pisses me off is that other publication then quote Kitco as a reliable source.

I will wait my whole life to see an article from Kitco that accurately reports when gold is rising 'because stupid spec shorts got their asses handed to them'.

cheers!

mike