New to board, much friendlier than the shark tank over at stock house. I added a few of them to my eat crow list. Below is a snippet from GATA today, enjoy!

The COMEX Silver market is headed for a disastrous crash and there is nothing being done to fix it. Ted Butler reported this week that the short position held by JP Morgan increased to 200M ounces and they were responsible for 100% of the net COMEX short sales in September and October. This represents the largest concentrated position in COMEX history for any commodity….EVER!

As I stated in my article "The Rising Coiled Spring", Commissioner Bart Chilton and the CFTC are trying to implement new rules to reign in concentrated position limits by early December. The new CFTC Chairman Gary Gensler has repeatedly stated that the CFTC’s number one regulatory reform agenda is to control concentrated position limits. It is the JOB of the CFTC to make sure there are no trading positions large enough to rig the markets…period!

So with the regulators yelling "the commodity rigging concentration game is over so be prepared" and JP Morgan yelling "get out of our way while we massively increase our concentrated position" a train wreck is about to take place in COMEX Silver.

To top it all off…

Despite the massive short selling from JP Morgan that constantly bombards the silver market trying to keep the price down… the price of silver is rising rapidly!

Are you strapped in for December?