This is not new news. All of the points made in the following article have been written on in the past week or so but, Jason Hamlin put them all together in one neat, well written, package.

As he said "we may not be out of the woods yet" as the commercials have their largest ever short position in place.

But from my perspective it looks like they will be overrun. It's going to happen sooner or later; but it really does look like it could be now.

http://www.gold-eagle.com/editorials_08/hamlin091409.html

One thing Jason did not mention. China is very, very angry at how they (the people who have loaned the U.S. so much) have been defrauded in business deals (commodity derivitaves - which may include precious metals derivative contracts) and bad-mouthed in the U.S. media.

China may be about to make it clear that they will not take such abuse lying down.

P.