The best evidence from the COT is that the boyz have not ca[itualted, but are increasing their shorts trying to stem this rise. This upward move in the metals is the result of new buying.

The world seems to be comming to their collective senses and tooking for REAL financial safety. This is demand driven and in the past times we have seen this is was at the start of a big move, not just a blip in trading. I for one believe that we may see one hell of a fall move in the metals.