Excellent reply Scruffy. Love the Mish Headlocked.

Just one thought to add. JPMorgan or Moron is the Fed's largest shareholder and the Obama administrations bank. In the past Goldman Sachs and a host of other cartel banks did the Republican administrations work in trying to hold down the price of G&S to make the US dollar look better. Today the task has largely fallen to JPMorgan with help from HSBC. JPM at the administrations request also inherited Bear Stearns huge silver short position and stupidly added to it. Yesterday 1 years supply of silver was traded on the COMEX. I am sure the administration is taking steps to rearrange JPM's silver short position so it doesn't bring them down