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Gold just is right at the 200 day moving average. Not a big deal BUT most of the gold is now owned by hedge funds and stock funds. They notice this shit. Paulson's the biggest holder and the big brokerage houses are no longer pushing his gold fund. Some have put a "sell" on it. So anyways a drop has a chance of being a big drop if he sees redemptions and decides to sell his position in his other fund. Soros and many others are in the same boat. The stock market passed them by and they are sitting on gold that is not doing much so far.
On the other hand, I can't be the only one who noticed this so maybe there are some huge short positions out there already.
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