Correction to my reply to your explanation of the banks knowing that the collapse in Silver was imminent...
Barnie Frank(D) just reminded me on CNBC that the commercial banks were much more regulated than the investment banks which were completely or very lightly regulated, so their books wouldn't necessarily have reflected the same numbers as the investment banks books would have.
The biggest point he made though was that it's the MORE REGULATED COMMERCIAL BANKS that we're now having to turn to to bail out the UNREGULATED INVESTMENT BANKS.
A very important point that shouldn't go unmentioned in all this mess and something Mr John(The Deregulator)McCain would do well to "study".
Not that this difference takes anything away from the scenario you proferred. It's still by far the most plausible explanation out there imo.
And the fact that the banks are far and away the biggest traders in the comex precious metals markets only lends more credence to it.
McBUSHIE'S choice of Palin was irresponsible, dangerous and insulting to America's intelligence. That choice and his continuing smears/lies prove he'll do anything to win this election even to the point of endangering his own country.DEFEAT HIM!
