Monday, January 24, 2011

JP Morgan have just moved their naked short positions to offshore accounts

Very good point about not being able to bring down JP Morgan by buying silver. As they have just moved their naked short positions to offshore accounts. Now they probably feel free to clobber the market however they want since the CFTC voted 4-1 against limiting their positions. Physical silver demand tells an entirely different story however. The pressure is on for two diverging market indexes. Physical vs bulls**t paper.

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