People would be very STUPID to think that JPM is a bunch of idiots and they will get caught in this like some 20 year old newbie who thinks they can play the market on max margin. JPM has conered the copper market. That is their hedge vs their short silver position. They are essentially flat at this point. Don’t bet your mortgage money that JPM will get caught in this.
JP is doing the Fed`s bidding as they always do. Or does the Fed does JP`s bidding or is there any difference. Started buying silver at nine bucks. Have never sold an ounce and probably won`t for quite a while.