Great piece! But he writes this:

"Bank positions in both silver and gold seem to have been adversely affected by “events unknown” from the August BPR onwards. All attempts by the banking community to regain control of these important markets appear to have failed."

What "events unknown"? This massive accumulated short position in silver by the bankers is the result of the selling of all that paper silver into the market to keep the price under control. Remember all those days when AG was bombed by instead of meeting buying demand by raising the price, they sold short and capped? The rubber is meeting the road here folks! This is exciting stuff to read. If this keeps up this could result in the mother of all short squeezes!

Makes me wonder, why do the bankers care if the silver price runs and seeks it's true market price? Even losing billions by JPM et al is really a minor inconvienence if that equilibirum price is $50 or so. But what the market clearing price is more like $500? That would be catastrophic to the banks to have to cover 200,000,000 at $500. I think that works out to a trillion dollar loss.