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JP Morgan Admits To, Reduces Massive Silver Short Position
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<p>[QUOTE="Rono, post: 1057003, member: 6492"]Great discussion. I'll concede that a JPM and short sellers in general are required for the market to function. I guess the question is - how much is a service (for a price, of course) and how much is simply manipulation for oversized profits. </p><p> </p><p>That said, since there have been markets, anyone with an edge has sought to exploit that advantage. Anyone in the room think the odds aren't on the side of the house? Read some Jesse Livermore.</p><p> </p><p>As for the longer term implications, I don't think it will be as bad as portrayed - mostly due to the internet and globalization. Cripes we're almost at 24/7/365 internation markets now. Something happens in BF Nowhere and we're seeing it live. </p><p> </p><p>As for JPM, I think they were starting to get burned badly and looking down the road saw nothing good with being short silver. The picture is too bullish and potentially so bullish the risk was too severe to be sitting on a pile of silver shorts.</p><p> </p><p>just my humble opinion,</p><p> </p><p>peace,</p><p> </p><p>rono </p><p> </p><p>peace,</p><p> </p><p>rono[/QUOTE]</p><p><br /></p>
[QUOTE="Rono, post: 1057003, member: 6492"]Great discussion. I'll concede that a JPM and short sellers in general are required for the market to function. I guess the question is - how much is a service (for a price, of course) and how much is simply manipulation for oversized profits. That said, since there have been markets, anyone with an edge has sought to exploit that advantage. Anyone in the room think the odds aren't on the side of the house? Read some Jesse Livermore. As for the longer term implications, I don't think it will be as bad as portrayed - mostly due to the internet and globalization. Cripes we're almost at 24/7/365 internation markets now. Something happens in BF Nowhere and we're seeing it live. As for JPM, I think they were starting to get burned badly and looking down the road saw nothing good with being short silver. The picture is too bullish and potentially so bullish the risk was too severe to be sitting on a pile of silver shorts. just my humble opinion, peace, rono peace, rono[/QUOTE]
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