with silver near $25 all sorts of rumors are flying. the government is about the sue jp morgan chase, or a short position is about to blow up. well, if you havent heard a good rumor by noon, start one! this is from bix weir:

Rumors persist that the JP Morgan Queen of Silver Derivatives, Blythe Masters, is in high stress mode because her commodity book is blowing up.

Wouldn't you be a little stressed if your 150M oz COMEX silver short position had lost over $900M in 60 days on a mark-to-market basis?! Mind you, this is ONLY their COMEX short and not all the other silver derivatives that I'm sure they call legitimate hedges.

But it sure is fun to think about how they plan to close these out these COMEX shorts as we approach the 6 month position limit implementation deadline.

Bix Weir
More updates at www.RoadtoRoota.com

PS - Bart Chilton has gone silent on me. My take, the CFTC is going to wait for the silver (and gold) rockets to take off before they put the hammer down on JPM.