Given the recent strength in buyers of physical, the shorts better take this opportunity to cover. This may be their last chance. After this hammering I believe that the large monied interests that want physical will jump on the metals.One has to wonder if the new jerk banking mafia is shooting its wad here.

We will never get any transparency so all we can do is speculate. But this is a significant paper pounding in the face of very strong buying over the last two months. New jerk market opens soon and that will tell us a lot. If we get anywhere back close to unchanged today it will signal buying strength that will bury the paper pushers.