Something about the fox minding the hen house. (You were right GWR)

In silver:

'2 or less' U.S. banks hold zero long positions and 30,838* short positions on the Comex

In gold:

'3 or less' U.S. banks hold 322 long positions and 109,091* short positions on the Comex
'

It's not hard to see that the short positions of JPMorgan and HSBC dwarf everyone else’s postions...either long or short. They are in total control of the silver and gold price. And it just so happens that the custodian of the SLV is JPMorgan, while the custodian for GLD is HSBC...the two biggest shorts on the Comex....and between the two of them, they hold 97% of all the precious metals derivatives held by U.S. banks. I dont' trust them as far as I can throw them...and neither should you