I was reading Ed Steers column here and came across a letter from a 71 year old to Bart Chilton, of which a part of is:

" Are you waiting to close the barn door until after the horse has left? Are you letting these thieves unwind their positions at the public's expense and then you are going to make your pronouncements? It certainly looks that way at this point."

In my opinion this is exactly what is happening. The "regulators" are enabling the theives in this silver market particularly to get out of their massive shorts before instituting obviously needed position limits, and secondarily to relieve themselves of needing to bailout the CME for defaulting on contracts. Guys, what do you expect from such a corrupt system? Do you actually think they would do something significant to JPM?!

Although I am getting buried in SLW and AGQ calls, I actually am feeling pretty good right now. Why? Because it seems to me this f****d up situation is getting corrected. I think we will have some more pain in the price, but when the smoke clears we shall see the thing we have all been watching for...AG to go to its real market value unfettered by the manipulation and possibily with the wind at our backs if the big money gets onside long and hypes it.