Yes…volumes don’t matter anymore…just how the gamblers are betting in the options (because of the algos). This is why the stock market keeps rising too. The market mechanism is rigged this way. So as long as the players are short, a squeeze can ensue no matter the volumes.
COMEX is constructive right now…so that’s a plus. All we need is for the ETF players to soften up and we’d have a rodeo on our hands.
Cheers