The Conversation (0)
SFgate.com reviews whether J.P. Morgan (NYSE: JPM) holds a giant short position in silver.
SFgate.com reviews whether J.P. Morgan (NYSE: JPM) holds a giant short position in silver.
The editorial is quoted as saying:
By selling massive amounts of paper silver in the futures market, JPM has been able to suppress the price of the precious metal. It is believed that these short positions are naked (i.e. they are not backed by any physical silver). In fact, reports indicate that JPM is short more paper silver than physically exists in the world.
