all I know is this. JPM is massively long gold right now. I learned not to fight the bullion banks. Their short positions are now covered or very small compared to the way they have been for a while now. Many of the smaller commercials have been massively net long since silver was at 30.00 an ounce. The banks see what is coming in the near future. They are now in position to take advantage of the short squeeze that is forming. The COT structure has never been this bullish. If people would take time to look at the history of the cot's they would see what is coming.