SB

Gold: War of Attrition

**In creating such huge short positions in the futures market, and driving the price down**

Does this mean the Gold Bugs are an unconvinced lot and do not want to call the bluff of the bears. I don't beleive US bullion banks can get the cooperation of big players (govt.) of China or Russia to play ball. For every short there has to be a long and the longs are just not strong enough to stem the shorts.