The action is very positive. If there is a pit (Comex) close above $1,680, gold will race to $1,705 because of all of the buy stops above $1,680. There are a tremendous number of shorts in the gold market and a significant number of them will capitulate and close out their shorts above that level.”
- London Trade, King World News
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/8/4_London_Trader_-_Expect_Gold_%26_Silver_Spike_From_Short_Covering.html
