posted on Apr, 12 2010 @ 04:57 PM
reply to post by monetaryprotest
OK, but this again to me is all BS. Can you show me verifiable data that says JPM has a 30% total short on silver for this long of a time period?
This doesn't make sense. They would have been totally hammered on this as Silver has been quite the commodity as of late.
Plus I still do not understand how them being short in the face of a bull market is a case for manipulation.
In late 2008 Silver was trading at around $10.00 an OZ.
Now currently it is at $18.50 an OZ.
That is an 85% move to the UPSIDE. This banking conglomerate should have been liquidated if this really were the case IMO.
*Also why would JPM, who can wield 1000's of contracts at a time on any instrument focus totally on silver with that much of their net
equity/available margin? Why not just run rampant on cocoa, sugar, and lean hog's futures, all which are MUCH MUCH more thinly traded where they
could get away with murder? I am not saying they don't, I am just saying from a POV from someone looking to lay off risk it doesn't make sense.
Someone please prove me wrong.
[edit on 12-4-2010 by GreenBicMan]