It was fairly obvious at the end of last week that there was heavy selling pressure on the pm shares as gold strengthened. Now with gold off $32.10 at $1536.20 , it appears the hedge funds are in there today covering those earlier shorts. It's like they knew ahead of time gold would be hit again this week. When gold gets taken down so quickly, there no wonder here who is responsible and who told who ahead of time.

The relative strength on the shares versus the bullion is slightly improved at 10.47 on the Gold/XAU ratio. It's the same-old-story, trading on inside information at the public's expense.

This is the most outrageous type of heist, while regulators remain comatose, in the market's history.