Ted Butler has strongly suggested that Bank America took over for JP Morgan as the big silver short in the last year or so. The criminal convictions that JP Morgan racked up over the last decade or so just became too much for them to continue to do so. The stock chart of BAC looks like it is a few days away from completeing an inverse H&S bottom. I am not recommending it but am suggesting that if the stock chart is displaying  that buyers are accumulating BAC, one can believe that BankAmerica has finished covering their silver shorts or at least done what I suggested in a previous post. They may have bought a significant number of calls on silver to offset the short futures position that was accumulated in their manipulation scheme to force silver down to it’s recent lows. If so, they probably have a lot more calls than to just cover their short position but are quite likely, loaded to the gills with long term silver calls. I don’t believe the stock chart is going to fall apart. By Friday BAC should complete an inverse H&S bottom around the 50 day which should be close to 33.50 by then. The stock should show relative strength and that will probably correlate with silver starting to move higher. Probably, slowly at first but at an accelerated pace once we get into October. Anyone needing or wanting exposure to financials to balance a portfolio would be wise to consider BAC. If silver is bottoming out and BAC has a long position, it should outperform the other major banks. It’s stock chart suggests that is the likely case.