Loading ...From what I read JP Morgan has anywhere from 125,000,000 to 200,000,000 ounces short… They’ve been covering for over a year and supposedly they’ve closed around 20 to 25% of their short position.. So they’re short position at this point at today’s price they’re underwater anywhere between four and 6 billion… but here’s the deal. I don’t really care about the money end of it if the buyers from the Middle East and/or China will stand firm on delivery and allow them to continue to roll the contracts over and deliver a little bit at a time that’s fine, but they’ll never be able to close all those positions because there’s not that much silver out there. So hopefully, as it says, I think in proverbs they get snared in their own trap.. And hopefully in the process of them getting snared, it collapses the Comex and LBMA..
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