Loading ...shows perfectly the way things really are – when the commercials add longs, the sole purpose is to dump them onto the market and let the funds do the rest to the downside. That’s why when we see a spate of covering by the funds, the banksters aka commercials are able to knock prices right back down – they dump more longs. So while it looks like the spread between commercial shorts and longs are narrowing it will broaden as the funds decide to cover.
Wash, rinse, repeat.