Gold price up 3% to $1,334 as the top three bullion banks go net long

``The top three bullion banks have cleared their short positions in gold and are now net long in the precious metal as prices start their inevitable swing back from the April sell-off... Could gold rebound so wildly that it challenges and passes the $2,000 an ounce barrier? It is perfectly possible. You ain't seen nothing yet for high gold prices, or silver for that matter that is currently just tracking gold higher.''