Comex May 2011 Silver Default, Dollar Protection, JPM Covering and Silver/Commodities Crash

What is taking place now is heavy manipulation and history in the making.

The federal reserve has had no option (other then to let everything implode) other then to purchase debt from the US Govt. They have also been shoveling money into the banks and friendly hedge funds. This is no secret. This has not been easy on the dollar.

Everyone knows JPM/HSBC are in deep trouble with their naked silver shorts. JPM in particular. JPM ended up being loaded down with Bear Stearns huge naked short silver position by the Fed/Treasury during the 2008 collapse.

Spec money created by the fed has been making its way into the markets... stock market up, commodities up....

they KNEW this would (and was) doing terrible damage to the dollar. The dollar can not survive (in current form) and is slowly losing value by the day BUT the implosion and destruction must be MANAGED.

So what was decided, agreed upon by many parties and put into action?

1) Keep margin limits VERY LOW on silver and allow the price to climb. Drag many people into the future spec and let them get HEAVILY leveraged. Trade desks must take positions and buy/sell step making money riding it up. Just be sure to close all positions "just in time" *nudge nudge* -- Be sure to be out before CME starts the hike (date provided of course)

2) Get partner CME to then perform massive and rapid margin increases causing a major dislocation and electronic dump in the Silver market.

3) Get large players to announce they are exiting the PM markets (Slim, Soros, etc) to mainstream.

4) Silver will cause other commodities to fall (which has been scaring governments to death) when people have to liquidate their other commodities positions to cover silver market losses. This helps clean out commodities a bit.

5) Give JPM and HSBC the opportunity to close out naked short positions at a GREATLY reduced dollar amount (helps Fed which is covering)

6) Attempt to prevent Comex May default (now impossible) by dislocating those demanding physical delivery. Problem is they have NOT been scared off and are standing ground.

7) Commodities exit provides support to dollar and provides mini rally.

8) Discourage "the people" from thinking about using non "main channel" methods (PMs) to protect themselves and reconsider what they know (dollar is doomed and backed by nothing) to be fact. Basically an attempt to punish people for looking for ways to shun the dollar.

By leaving the Silver margins so low on purpose and then jacking them through the roof at the rate they did it was IMPOSSIBLE for people to cover the additional margin requirements quickly enough to prevent what has happened. A total and WELL PLANNED trap.

This was a HUGE CYA event to protect mostly CME and JPM.

Do you research and you will find what I say to be accurate. This was a planned implosion.

The one thing that has failed... preventing the Comex default. They were unable to scare away VERY strong hands that want to expose Comex for what it is... JPM on the other hand has received a huge benefit from this (big surprise there).

It is fixing to get VERY interesting. I think (personal opinion) that physical holders of silver will be very rewarded soon as the curtain is pulled back and the scam exposed. We shall see.