Hard to believe.

Read A Show Stopper by Ted Butler where he says Chinese are behind all the silver shorts.

http://news.silverseek.com/SilverSeek/1293027946.php

I did not pick interests in China out of the thin air. As the largest producer of silver in the world (mining plus refining), it would sound plausible for them to be short (but never to the extent it has reached on their surrogate COMEX position held by JPM). More importantly, rogue traders from China have had a regular habit of betting on the short side of world commodities that their country consumes with a ravenous appetite, although that would not appear to make sense. Two examples that come to mind are disastrous bets on the short side of oil and copper five or six years ago.

It made no sense for Chinese traders to have bet the short side big in oil or copper. Yet it happened. Just because it makes no sense for someone from China to have bet big on the short side of silver doesn’t mean it couldn’t happen. Let’s face it – someone is and has been short on silver, all the way up from the single digits. It will go down as the single dumbest trade in history when all is said and done, taking the title away from Barrick Gold and Anglo Ashanti for their dumb short gold trades.