The “Speculative Bubble” in Gold and Silver

by Craig Hemke
Sprott Money

Just because prices have been rallying, the market generalists and their sycophant media have been pushing the idea that gold and silver are somehow in a “speculative bubble”. However, even just a quick, basic review of the COMEX market internals reveals that this is nothing but lazy misinformation.

Since we’re going to be talking about the CFTC-generated Commitment of Traders and Bank Participation Reports today, we must begin as we always do when these reports are cited…with a disclaimer. In the past, JPM and other bullion banks have been repeatedly fined for deliberately submitting false information for these reports. Therefore, you must always take this information with at least a few small grains of salt.

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