While we've all noticed some of the extreme and historic changes to the Commitment of Traders report over the past two months, the once/month Bank Participation Report belies the fact that nothing has yet changed. Whenever price rallies, The Banks are still quick to take the short side of the trade.
<This public post was written in August. The latest BPR was released on September 8. It shows another 35% increase in the Bank net short position and it's now at an ALLTIME HIGH of 213,746 contracts NET SHORT. It is critical that you understand that "this time is NOT different" and The Banks are simply playing their same old, tired game.>