Comment: What you say makes no sense.

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What you say makes no sense.

What you say makes no sense. By definition there is an equal number of short and long contracts in the open interest. What's important is who is short and long. Right now, JPM is massively long gold and has closed out most of their short positions in silver. The big shorts in gold and silver now appear to be speculators attracted by the falling prices. In this sense, the chance of a short squeeze is greater than ever before. I can't guarantee we will get a short squeeze, but the conditions are more ripe for it than ever before