jon nadler- jp morgan puppet?, page-5

Check out some excerpts from the SLV prospectus, below*



*
http://us.ishares.com/content/stream.jsp?url=/content/en_us/repository/resource/prospectus/silver.pdf&mimeType=application/pdf


".....JP Morgan Chase N.A., London branch is the custodian of the trust"

"Silver owned by the trust will be held by the custodian in England, and other locations that may be authorized IN THE FUTURE."

"The custodian is responsible to the trust for loss or damage to the trust's silver ONLY UNDER LIMITED CIRCUMSTANCES"


You'd have to be very trusting and/or foolish to trust JP Morgan "holding" your silver...... JP Morgan has, apparently, a HUGE silver short position.... but, can now "take delivery" of its own silver shorts.