The most unusual feature of the (Feb. 28) COT report was that through Tuesday,
February 25th JPMorgan increased its gold short position while the other
commercial shorts did the opposite. It’s very much an outlier that JPMorgan
added new shorts as the other commercial shorts were buying back short positions.
The conclusion is that JPMorgan knew it was going to lower the boom on gold (and
silver) prices and loaded the boat with short positions. Simply put, JPMorgan
was singularly responsible for the February price smash. Inclination is to
believe that JPM increased its silver short position by 3,000 contracts to
18,000 contracts which perfectly positioned this corrupt bank for the price
carnage to come. Let there be not the slightest doubt that Jamie's JPMorgan
is the most corrupt market force to ever exist. JPMorgan was the biggest (sole)
short seller in gold and silver through Tuesday and, therefore, the largest
single beneficiary of the spectacular price plunge into Friday. As dramatic
as was that price plunge, it didn’t come close to eliminating the total open
and unrealized loss of the 7 big shorts in gold and silver. On yesterday’s
close, the total open loss was reduced by a very large $2.5 billion from
last week’s $7.2 billion, to a new total open loss of $4.7 billion. While
this was one of the biggest weekly reductions, $4.7 billion is not chump
change. The big shorts are still extremely reluctant to book actual realized
losses. This created potential for JPMorgan who may have been able to buy
back a disproportionately large number of shorts given the reluctance of
the other big shorts to book realized losses. Considering the dramatic
price plunge and the large amount of trading volume and the declines in
total open interest, JPMorgan could have bought back most of its short
contracts. These are unprecedented times and anything is possible.
Nevertheless, I haven’t sold and am not about to.
67725
- Baby-Faced Innocence
- 67725.jpg (55.79 KiB) Viewed 10408 times
Keep in mind gold and silver prices are fixed in the COMEX futures markets
where banks that have NOTHING to do with precious metals mining, fabrication,
or distribution - set their prices via futures contracts that will NEVER
deliver an ounce of gold or silver to the market! The precious metals markets
are rigged markets with their market regulators at the (Jew controlled) CFTC
in on the scam; however this too shall pass. Technically, the gold and silver
markets are set for further gains in the weeks to come.
https://www.gold-eagle.com/article/mr-b ... arket-week