by Craig Hemke
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.