MS, JPM, LEH and whoever else were shorts in silver/gold are having to cover their positions to generate cash to save their companies. This is a classic case where you sell whatever is liquid and these positions are liquid. Note : MS down 37%, GS down 25%, JPM down 9% today.

Tyhee will soon reap big rewards with this velocity.

As an investor, I am quite happy with this happening, but surpised at its velocity. As a proud citizen of a great country, I am deeply saddened that our country will soon be in a significant financial holocaust.

As Thomas Jefferson said:

"I believe that banking institutions are more dangerous to our liberties than standing armies."

SilverNut