Is this a serious question? People believe what they want, so I follow the money and let the masses argue endlessly about something other than trading consistency and profitability. I will say this, as price goes up, shorting by certain interest always goes up. When price goes down, shorting goes down. This money flow pattern has been displayed consistently since 2000 (chart). Coincidence? Think not.

Believe it or not, the latest "coincidence" suggests another up wave has begun.

Chart: Gold London P.M Fixed and the Commercial (C) Less Nonreportables (NR) Traders COT Futures and Options Stochastic Weighted Average of Net Long As A % of Open Interest

Headline: Was Gold Manipulated Like Libor Rates?

Gold may have been manipulated like the London interbank rate or Libor over a long time frame, Ned Naylor-Leyland, investment director at Cheviot, told CNBC. The scandal surrounding the fixing of the Libor has opened markets up to "more scrutiny and more investigation," Naylor-Leyland said. He expects to see revelations over the next few months that the price of gold (Exchange:XAU=) was also manipulated because "gold and silver reflect the true value of money the same way interest rates do." "It is effectively an intervention in two ways; one would be the fact that for central banks, gold and silver going up doesn't make their currency look any good, and secondly a number of the big commercial banks have very large short positions which they like to manage and make easy money from," he said.

http://edegrootinsights.blogspot.fr/2012/07/was-gold-manipulated-like-libor-rates.html