It is not my intent to make it rain on the Silver bull market parade -- nor should this email be taken as a prediction -- but all-time record levels of speculative long (or short) positions and commercial short (or long) positions MUST be taken seriously.   Keep in mind that record CFTC COT levels, in and of themselves, do not demand a reversal of trend. In fact, some of the biggest moves in history have come from capitulation by commercial traders.   Nevertheless, consider several other recent examples of record (or near record) speculative long (or short) positions and commercial short (or long) positions.     Read More