Just an update to the latest theory making the rounds. Perhaps silver has been hit more severely than usual so that camouflage can be applied to the SLV withdrawals and to obtain a sale price on physical as JPM scours the land for coins and bars.

The saga continues - VHF

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Is Blythe desperately searching for physical silver?

MarketCycles

January 19, 2011

Blythe,

Your former traders know that you are scouring the whole world for physical silver. Last week, SLV lost over 6 million ounces of silver and today it is reported that SLV lost another 4.45 million ounces of silver more. We also suspect that you are raiding the US Mint as well as other silver ETF based in Switzerland.

There is only one explanation. Blythe must have heard that your former traders have secured the necessary financing to stand for delivery come March 1. Unlike December, they are ready to stand for massive amount of contracts for delivery.

But since Blythe is so desperate and raiding physical SLV from the ETF, do you know what your former traders are doing?

Yup, they are re-doubling their efforts to get even more hedge funds and big investors to help them stand for delivery March 1.

You see, Blythe has convinced the CFTC to impose position limits on the longs but not on themselves which means that the next delivery month of May might not be available to be raided.

But rest assured Blythe, we are coming after you in March. And we are confident that we can raise money a lot faster than you can find physical silver.

How high will you push the price of silver in February? Anthing under $40 and we might be able to bust Comex ourselves.

Either way

You're going home in a body bag,do-da, do-da.....