http://harveyorgan.blogspot.com/

Both Ted and I agree that the phony exemptions by JPMorgan is where the illegal shorts on silver sits. Ted believes that China is the real short behind JPMorgan and the authorities over at the CFTC are letting the CME regulate themselves and they all collectively throw up their hands in desperation as they do not know what to do!

I am almost in agreement with Ted on this except it is my contention that China originally supplied their above ground silver in or around the year 2000 as the USA exhausted all of its above ground 2 billion oz. In order to carry out the gold price suppression scheme, you needed to suppress the price of silver as well. It just would not look good to have gold knocked down to ridiculous levels and have silver soaring. This is where Mainland China stepped in. This was just around the time when President Clinton gave China favoured nation treatment. China loved the scheme. They bought gold at depressed levels with their left hand while supplying their above ground silver with their right hand.

Thus, Ted may be correct that China is short, but they may have hedged their physical loans to the usa by supplying paper silver to the comex with no intention of delivering the metal to buyers. However the obligation to supply is on the bankers and this is why they are supplying the contracts with reckless abandon. I think I am right on this one!