I have no love for the bullion banks but I am going to give them some friendly advice. Cover as much of your naked shorts in gold and especially silver now, since the market has calmed down for both, while you still can. I believe the window is very short, like just a few days! They probably won’t do so and here is the likely reason. You would think they are smart enough to know “the jig is up” and the precious metals, particularly silver are going to explode higher. One would think, isn’t it better to take some survivable loss now, than wait until it becomes so large you don’t survive? That would be the logical answer but since they have gotten away with manipulating the market for decades and survived at least two big precious metals bullmarkets, why would they stop now. I don’t think they will because they are not operating the way a normal business would. I believe that the only way they have gotten away with this criminal and fraudulent behavior for so long is because they are being indemified by the FED, backed by the US Treasury. Remember, JP Morgan has boasted about never losing on a single precious metals trade (or at least never having a losing year when they add up the annual totals) on more than one occassion. That not only goes to proving they manipulate the market(credit to Ted Butler for that deduction) but they know that if they ever did, they will be made whole by the FED/Treasury. So, although any entity faced with having their face ripped off by the coming explosion in gold and silver prices, would normally take steps to insure they survive, I doubt the bullion banks that have all the paper short positions, will cover and allow the market to be a market and perform true price discovery.