Blythe can't pull silver down below $35.90 so onto plan B attack and whack the miners. XAU down -2.17, HUI down -6.95, TSX Venture down -27.27 , GDXJ down 1.64%, SLW down 2.67% and ECU just down $0.02.
She is certainly making life miserable for the last day of PDAC.
I wonder what her long term plan is? She has added a ton of short contracts (from 19K to 26K) on the Comex . She had to buy her way out of non delivery March 1st by offering 30+% premiums. Is she just going to keep shorting paper and miners to try and keep the silver price under $40 until May 1st. JPMorgan has avoided prosecution for past sins by getting their shorts grandfathered in. But what about current sins - that additional 6K short contracts is new. Does JPMorgan and the government have some nefarious plan to extract themselves from what seems like an impossible situation?