seems there is a massive short squeeze going on in gold. Since weeks we can read even from convinced gold bugs that the commercial short position is too large and market is due for a pull back. In fact as gold reached 500 sentiment was becoming very bad for gold and it was somehow clear it was due to rise much more. Maybe commercials underestimated the power of the hedge funds putting a lot of money into gold and are now badly squeezed out of their positions. Nice job !