(1) US Fed printed money to become hot money to flow into China.
(2) The China Central bank translated to RMB and spread to 中国大妈.
(3) 中国大妈 rushed to the gold stores to buy gold.
To make summary, the US Fed printed money to buy gold via 中国大妈.
My God, this has cancelled the effect for their investment banks to short the gold. What a Mess!