So, here is a skeptic, denier, fool, paid disinformation agent, who knows. Regardless, he needs to be answered. I refute 8 major points in an article from Mike "mish" Shedlock at my facebook page. http://www.facebook.com/jason.hommel Jason Hommel Most Prolific Idiot of the day on silver: Mike Mish Shedlock. So many errors, so little time. The Silver Conspiracy From JPMorgan Makes No Sense And They Could Actually Be Making Money Really Mike? Well, you asked, so don't get mad at the answers. 1. Where is the proof JP Morgan was short silver? 25 lawsuits against them, based on Bear Stearns' positions which they acquired, and the BIS reports showing up to $203 billion in OTC other precious metals notional derivatives values. 2. Could JP Morgan hedge by buying the SLV? Well, the SLV has, like, what 350 million oz.? But JP Morgan might be short by up to 3.3 billion oz. That's not really enough to hedge; that's the main point. 3. Why didn't JP Morgan blow up long ago on silver shorts? JP Morgan has $2 trillion in capital, that's $2000 billion. Shorting 3.3 billion oz. at $5/oz. up to $30 is a loss of $25 x 3.3, which is a paltry $82.5 billion so far, most of which would not need to be paid, if OTC holders in bullion accounts never demand delivery, which they don't, because London has a 17% VAT on silver, making delivery very rare. 4. Where is the conspiracy? Well, how about the CFTC looking the other way for years, and denying everything that was just admitted today by JP Morgan themselves? If JP Morgan is shorting for the Fed to maintain the dollar, this is a big conspiracy to prop up the currency of the dollar. 5. No logical reason to be short? Um, propping up the bad currency is a big important thing to do, somebody has to do it. 6. Opportunity to gain? Who else can JP Morgan buy silver from, to cover up to 3.3 billion oz, when the world mines 700 million oz. in a year? Nobody has that much silver. Nobody else is selling; that's the problem of a concentrated position, there is nobody else to trade with to unwind the trade; they were the primary sellers. 7. Everyone should be happy with a low silver price? Silver is money, it's savings. Many investors have died waiting for silver to rise, and they never benefited, and lived in poverty while waiting, and were essentially defrauded here by this. Low prices are not good for miners, either, who produce essential things for the world like zinc, copper, lead, and gold, as byproducts of silver. 8. Sillyness to suppress markets for decades? Read the Bible, these things go on for 40 to 80 years at times. This time, it has lasted since 1913, and it's not over yet. My God, was Mish That wrong about that many things? Can't be by accident, I think, but you never know.