Loading ...I too doubt JPM covered that short and went long……I knew someone who would have known all about Bear being a huge short and the reason it went down etc….and considering what he told me about what they did get upto, that would definetly have been mentioned…..
But what is certain, is that someone was smashing the PM mkts for decades, in huge size…..how the hell they covered it without the mkt exploding I have no idea…I rather doubt they ever did.
One thing that is certain about the PM mkt, is the truth is very hard to find, even when in the centre.