The (naked) shorts appear to do a concerted action across the board against virtually all JPM's in an attempt to discredit the sustainability of the surging gold/silver prices. No news whatsoever to warrant the JPM's down. They want your shares at rock bottom prices.
The correlation of the price movements in gold/silver, virtually in lockstep on a minute to minute and day to day basis leads to think that the same actors are involved as the fundamentals of these commodities are not as much in correlation.
sample of the gold/silver price movement charts per/min:
http://my.voyager.net/~jrrandall/Ger...