JP Morgan has gone from the biggest short seller to the biggest...
by Chris Powell of the Gold Anti-Trust Action Committee (GATA)
11:55a ET Wednesday, December 2, 2020
Dear Friend of GATA and Gold:
In an interview with Investment Rarities proprietor Jim Cook, silver market analyst Ted Butler elaborates on his view that JPMorgan Chase's switch from short to long in silver futures foretells the liberation of the monetary metal's price. The interview is posted at SilverSeek here (excerpt below):
https://silverseek.com/article/jim-cook-interviews-ted-butler-1
JPM used to be the biggest COMEX short seller, but they managed not only to slip out from all their paper short positions, but build up a tremendous physical silver and gold position over the years. JPM went from the biggest short seller to the biggest long ever seen. It's quite remarkable and extraordinarily bullish.
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