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Looks like a few JPMers are in banker denial. Was it realllyy all HSBCs fault?
Eh, it is what it is...
Im buying silver tomorrow
?why is the fed interested in lower silver prices?
Because higher prices for intrinsic value money shines a harsh light on the worthless green paper we all wet ourselves over.
yea but that's arguable. firstly, silver doesn't have a lot of intrinsic value, (at least not that i am aware). silver has only recently started to follow suit with gold because gold has had a big run. silver is another fad. and to be clear, with intrinsic value i am referring to demand unrelated to demand coming from an aversion to fiat currencies.
I would be more inclined to believe collusion if it were GS instead of JPM
Or if they hadn't inherited the position from Bear
Did not know this. Interesting.
http://www.cftc.gov/ucm/groups/public/@newsroom/documents/file/metalmar…
Basically concludes that JPM and HSBC are both short about 70% of the silver market
"When I get a little money, I buy oil; and if there is any left over, I buy gold and silver."
-(famous Erasmus quote, slightly modified by me haha)