Anatomy of a short squeeze

``The shortage of gold and silver is the driving force behind the bull markets in these metals. Quite simply, the outstanding obligations in these commodities exceed the stock available... Perhaps the most important lesson we can learn from the LBS situation -- and highly applicable to the situation today in precious metals, which could be developing into the largest short squeeze in history -- is that very few other people in the investment community actually understand what is happening. This is something to bear in mind when taking investment advice.''