IF the CFTC are in fact preparing to finally adhere to Frank-Dodd legislation, and enforce strict position limits in silver, JP Morgan would be in a world of hurt (we're talking chapter 7 bankruptcy) had they had to cover their naked short positions at silver prices anywhere near where silver had been trading for all of 2011.
Could it be that The Morgue is currently attempting to pile drive silver as close to their average short position (near $12) as possible before covering the majority of their naked short contracts and going long in time for a CFTC announcement?
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