The latest COT report (on COMEX Gold Futures) shows that the ‘Big 8’ bullion banks (who many claim deliberately ‘shorted’ us into the big price decline last month) now hold their smallest net short position (betting the price will go down) since Dec 2008 and the non ‘Big 8’ Commercial traders hold their largest net long position (betting the price will go up) since July 10. i.e. even the paper market seems to now reflect the bullishness of the physical gold reality. This could be the turning point…