"I think JP Morgan may have covered a lot of shorts but then they are just dumping them to further short the market. It is almost like there is no law or accounting any more as there is no plan to cover the shorts. They will just allow the COMEX and LBMA to crash and then pay off in cash."

I admire your optimism Mike97 - seriously. There's insufficient margin (reserve) to pay off eveyone in cash. I'd expect the key insider banksters will get covered and the rest hung out to dry ala MF Global style ("gangnam style" lol.)