GOLDBUGS AMEX Goldbugs Index (GOLD)

[peel+green]

Looking at all the reports from different sources, it seems the bullion banks have covered their short positions in gold but the hedge funds have not, and the latter are getting a huge bear hug/squeeze/mauling of Grizzly proportions.
The fed won't like this rise in gold prices but I have little sympathy as it was the Fed which caused all the problems by trying to suppress gold to support the dollar and the Bond market.
It seems the rising bond yields are also now worrying the Fed but again, the Fed caused the problem by debasing the dollar.
It's unsurprising that bond buyers are seeking higher yields due to the horrifically huge expansion of the dollar supply.