Not if the asian ninja's keep buying at the bid and take January settlement (Will the Comex vaults be emptied, where will the silver come from?) - Last time I saw, the outstanding contracts were about 6 or 7 times more then the actual silver in the vaults... how is that possible? Is that the definition of naked short? Is it fair for JPM to sell short because they are a custodian of SLV? That wouldn't make too much sense if COMEX defaulted, especially to the SLV shareholders because JPM can't legally transfer SLV to the COMEX, can they?
Who really owns our lawmakers when the law isn't going to be followed?