The 'runs' - JPM outta cash? - Silver, Gold and the COMEX..............from Rico

The 'runs.'
First there were the Greek bank runs. Now the Spanish bank runs have started. Spanish bank Bankia shares fell 30% on the IBEX today and trading was halted.
- Bankia reports a huge concurrent cash run on their bank.

JPM outta cash?
Max Keiser reports that JPM has been using its shares as collateral to cover its massive Silver shortfall (they still have the largest concentrated Silver short position on the COMEX. period.)
- Is JPM so 'tapped-out' that they have to use their own stock because they don't have the cash?
- We know they (JPM) lost...and are still losing...billions on their proprietary trading, which has Jamie Dimon on the run (if not giving him the runs).

Silver, Gold, COMEX.
Since 28 Feb when Silver spot was $37, the ~$10 price decline has allowed the Commercials on the COMEX to buy back and reduce their total net short positions by 30,000 contracts (150 million ounces). The biggest Commercial short, JPM, bought back ~half the amount. In Gold, the Commercials on the COMEX bought back 100,000 net contracts (10 million ounces) on the $150 price decline from 28 Feb.
- Since independent traders don't collude for the purpose of losing money, it's pretty clear the Commercials (JPM again included) have been manipulating the COMEX to avoid losing any of their money (intentional price suppression). You can see the CFTC COT data for yourselves.

It's not over, in fact, the fun is just getting started. As we say...the elephants (JPM) are dancing now, so watch out!
- It is going to get worse before it gets better.

Physical will trump paper in the end, however.
- Be right. Sit tight