Tuesday, October 2, 2018

Ted Butler: JPM has Gone Long Silver at Last


Already hoarding a world-record 750 million ounces of physical silver, JPM has managed to accumulate another 21+million ounces in just the past 6 weeks. 

This amassing of physical was further accompanied by selling off their 200M oz paper short position from June to 100M oz short in Aug and now 0 oz short and even net long paper silver. 

This is the first time JPM has been long both physical and paper silver simultaneously, positioning them to capitalize on a potentially massive upward move in silver price.


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