In Friday's podcast, we discussed the latest Cot data and how the current trend of Spec shorting was likely to lead to another quick and sharp Spec short squeeze. It seems that today is a good day to recap again the events of late 2022 in order to remind you of how and why a short squeeze develops.
By now, most everyone understands that the bullion bank trading desks freely manage and manipulate COMEX precious metal prices. But they don't just move price to the downside. The Banks will also manipulate prices higher if there is profit to be made. They did so on four occasions in...