This is what Michael Pento told King News that he believes this chart that clearly chronicles the after-hours price spike was all about. Money positioning itself for the coming skyrocketing in gold prices. 
My thoughts are that any entities which are naked short gold, and don’t have the ability to deliver the underlying commodity, now have to be a very nervous group of individuals. And anything that exposes their highly tenuous position makes them want to cover.
This also makes entities which have been on the sidelines, waiting to buy this artificially manipulated price of gold, want to come in to the market on the buy side because when you see entities which are that naked short, and unable to deliver, they want to bring them a lot of pain.
This means the price of gold could skyrocket. That’s what I think the after-hours action was about, money beginning to position itself accordingly, as well as some short covering.”
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