Occupy the SEC on Wall Street Banks, JPM 'Hedging,' and the London Whale

JPM's 'hedging' is really prop trading.

I suspect strongly that this is the basis of their 'silver hedging' as well.

Net Asset Value Premiums Of Certain Precious Metal Trusts and Funds

Premiums on gold are historically thin.

Gold Bull's Long Term Trendline - The Indispensable Chart

Although they cannot resist its inevitable climb because of the changes in the global monetary system and the ongoing currency wars, the Western central banks wish the increase in the price of gold to remain 'orderly.'

And so it is.

Thanks to my friend Nick Laird at Sharelynx.com.

Nick has one of the most amazing collections of charts on the web. 
Browsing his historical monetary and financial charts is a good way to spend a Sunday afternoon.

Comex Silver Inventories - Bullion Banks To the Rescue

As I pointed out last week, inventories had fallen to historic lows ahead of the big delivery period. The bullion banks have anticipated this and have shown some strength ahead of the period.