Loading ...JP Moron may well have accumulated a decent long over mny years……but the Vol sold short dwarfs any long ever bt.
Butler makes the mistake of analysing the Crimex COT, wheras the LBMA is way larger and never discloses Vol or open interest. That’s there the monster short can be hidden along with the ETF’s.
I am more and more certain that the ETF’s were only allowed, so unlimited shorting that never has to settle or deliver can occur.
Cheers