Loading ...Apparently, they accumulated 750 million oz. and covered all their short positions while buying long contracts and taking delivery of 150 million oz. a month in a 5 month period according to the Asian Guy. Almost a year’s worth of supply
The Hunt bros only accumulated 100 million oz. when they were broken.
They’ve positioned themselves as the seller of last resort to industrial buyers. Q1 is going to be interesting to be sure.
Is it possible that JPM and China are colluding?