JP Morgue and Friends Covered 5,209 Silver Shorts in the Week Preceeding Silver Raid

May 4, 2011 By 7 Comments

It appears The Morgue/ HSBS closed out 5,209 short silver contracts (26 million ounces) in the week leading up to the smack-down. If JP Morgue knew a silver raid was imminent, why would they close out 5,209 short positions in the week prior to the massive raid when they knew prices would plummet?  This may be the strongest indicator yet that JP Morgan and HSBC are desperate to extricate themselves from their massive naked short position in silver.

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Comments

  1. Anonymous says:
    May 4, 2011 at 6:22 PM

    is the bottom reached for now guys?

  2. Anonymous says:
    May 4, 2011 at 7:45 PM

    You have no true way of knowing WHO covered those shorts last week…The report shows there were 23 traders in that group…It may or may not have been the two banks you mentioned…but I hope it was…

  3. Anonymous says:
    May 5, 2011 at 9:27 AM

    200 кг серебра налом ,лучше чем памётбумага

  4. Anonymous says:
    May 5, 2011 at 9:29 AM

    лохи прадавайте,я куплю всё за доллары

  5. Anonymous says:
    May 5, 2011 at 9:39 AM

    продавайте,мы больше возьмём

  6. Anonymous says:
    May 5, 2011 at 9:43 AM

    слабые ручки,очень слабые ЛОХИИИИИИИИИИИИИ

  7. Anonymous says:
    May 5, 2011 at 4:31 PM

    You need a spam filter on this blog

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