thing is, people can "naked short" the PM market

this means they have no gold to sell, they don't barrow gold to sell, they use Dollars to short the market.

gold bugs hate this, and say that the reason gold is going down is because the FED and banks are naked shorting the PM market to oblivion in order to keep the appearance that the market isn't going totally crazy because everyone sees the end of the dollar in sight.

which is believable, if gold was allowed to run up to 15,000$ an ounce, poeple might start to talk about it, and then they would be exposed to the whole USD is worthless fiat thing. and they would lose confidence in USD  and run to gold, then the USD would be toast....