ETFS Physical Palladium Shares (PALL)

[chichi2]

This is a new answer

yes COMMERCIALS are Net Short at close on Jan 18

COT info is a good starting point

but it does not finish the story
what did they do on Friday Jan21?
and were they Short to protect Long Positions?

i suspect they were NET SHORT all the way UP since Sept.
as they are with most metals
and we know during this period the metals UP during that whole period, i do not know why they were short if they are so wise
it must be for Protection some how.