Wow: JPM’s Silver Shorts UP, LBMA Physical Pouring OUT, Time is Running Out Blythe!

Hot on the heels of Rob Kirby’s appearance on Max Keiser’s show in which Kirby reminded us that JP Morgan has DOUBLED its silver SHORT position since Keiser launched his ‘Buy Silver, Crash JPM’ campaign – the precious metals are on a tear this fine Monday.

Keep in mind too that SRSrocco at Silver Doctors has reported that the United States has EXPORTED more silver in the first seven months of 2012 than it did in ALL of 2011. And 42% of that PHYSICAL silver is going to the UK! Could this be to fill the demand for all those lovely Britannias? HA! Not at a measly 100,000 1-ounce coins per year!

SRSrocco concludes that it’s most likely that the U.S. is trying to help stem the demand for PHYSICAL which has been pouring out of the LBMA at a record pace. Can you hear the clock ticking Blythe?

SILVER: The Achilles’ Heel

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