"How many times have we seen the commercial short position increase followed by a hopeful anticipation of a squeeze, only to see PMs get whacked lower."

Maybe someone that watches that closely can post when commercial short position increases, and we can watch the correlation. Without such a correlation, we'd be a lot worse off on the short side of gold, as it has risen fairly steadily and dramaticly over the last 7 or so years.

My goodness, though, quite a few posts today sound like capitulation. Say it ain't so!