Further losses by the bank have been reported regarding their “London Whale.” Has JP Morgan been forced to sell-off major positions, including their short in silver? Probably.
7 thoughts on “Further losses by the bank have been reported regarding their “London Whale.” Has JP Morgan been forced to sell-off major positions, including their short in silver? Probably.”
No, they are just positioning themselves for the turn.
It takes a while for a whale to turn
Badsey
Fiat silver is a very volatile/rigged market. If JPMorgue cannot handle the fiat volatility they should get out and buy phyz silver. =JPM is the first vampire squid to turn and join the SLA. Makes one wonder how many will jump off the belly-up JPM whale before it sinks.
-SLA4L-
ED
Quoted from Silverseeker article linked below
the U.S. government has given JPMorgan the green light to manipulate the silver market. This fact explains the shenanigans in the silver market.
The scandal recently became more outrageous. The June Bank Participation Report, as of Tuesday, June 5, along with the COT confirmed that JPMorgan’s silver short position has increased by at least 5,000 contracts in the past two reporting weeks.
See TFMetals for up-to-date report on this…
Link doesn’t work…
link didn’t work. Try this:
http://nwotruth.com/commercial-hedgers-in-silver-market-less-short-than-in-last-thirty-years-is-jpmorgan-a-catalyst/
Dead link,
But, when Fox Business News trumpet JPM Chase losses now skyrocketing beyond $9 Billion, and probably already into an 11 digit loss, Then JPM might have to sell positions at whatever price they can get! LOL!;?D) to stem the outflow by the thundering herd?
http://www.foxbusiness.com/markets/2012/06/28/jp-morgan-london-whale-loss-may-hit-breport/
No, they are just positioning themselves for the turn.
It takes a while for a whale to turn
Fiat silver is a very volatile/rigged market. If JPMorgue cannot handle the fiat volatility they should get out and buy phyz silver. =JPM is the first vampire squid to turn and join the SLA. Makes one wonder how many will jump off the belly-up JPM whale before it sinks.
-SLA4L-
Quoted from Silverseeker article linked below
the U.S. government has given JPMorgan the green light to manipulate the silver market. This fact explains the shenanigans in the silver market.
The scandal recently became more outrageous. The June Bank Participation Report, as of Tuesday, June 5, along with the COT confirmed that JPMorgan’s silver short position has increased by at least 5,000 contracts in the past two reporting weeks.
http://www.silverseek.com/commentary/few-questions-one-answer