MATTER as if this is true (the evidence shows it is) the bad guys are in control. No low as "ultimate power corrupts". If the jpm gang was forced to cover I hear silver goes to between $160-$500 an ounce. Now do you think that would be allowed? No friggin way so sit there and shut up you little minions! You have no power and JPM makes money on the shorts.
I'm not holding my breath waiting for the CFTC to impose position limits on Comex short contracts.
However the fundamental basis of any commodity exchange is rooted in credibility. The Comex has none even if the CFTC rules in favor of the cabal, which they probably will, the bottom line is that the US markets are as crooked as a dog's hind leg.
But what the CFTC silver manipulation hearings prove is that Comex longs have no real ability to redeem their positions in metal, only dollars. Only a complete fool would buy Comex futures on the long side or shares of the metal ETF's GLD or SLV from here on out.