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Alias Born | 02/17/2006 |
Sunday, November 14, 2010 2:04:40 AM
"JP Morgan's short position in silver could thus be as high as 3.3 billion ounces if we are conservative, and estimate their position at only 25% of the BIS report numbers. By $500/oz., JP Morgan's short position could be worth a negative $1.5 trillion, and that's just for starters. It could grow worse if they add to their short position, in a misguided attempt to manipulate a market that is clearly moving against them. "
Is there anyone who could keep a straight face and say that a short position of this magnitude is not manipulative?
One head cannot contain all wisdom.
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