Watching a Real Time Fight

Between Blythe Masters of JPM and the Silver/JPM vigilante-viral crowd and who knows who else may have a dog in the fight. As I said yesterday, $29- and maybe $30 is a line in the sand it appears. It may be above that level JPM gets margin calls on their "supposed" naked shorts. Naked shorting means that you are selling short assets you have not borrowed (you can not do this), that means in a short squeeze they need to go into the market and find the supply. So this looks like a real time fight between the two sides.

 the 1 min chart looks like someone came in with some firepower trying to knock SLV down.

The 5 min chart shows this may be an uphill battle unless they can really ear apart that 1 min chart.