Loading ...Generally in the past when we’ve seen heavy long contracts by the funds and short buying by the commercial banks, the price has gone down, most often in a big way.
Captain Hook knows a lot more than I do about the mechanics and open interest of the Crimex.
I would say the short position of the commercial banks may be as high as I’ve ever seen it. He’d know more.
Could also be some hedges by the miners, but not in that size.