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<p>[QUOTE=&quot;GoldFinger1969, post: 26615558, member: 73489&quot;]Never forget that ZeroHedge is RUN by hedge funds.&nbsp; It&#039;s also got anonymous writers.&nbsp; I like reading their stuff every now and then and they DO have some good insights...but they lean a certain way and you have to go in with that as a guardrail to believe 100% of what they write/say.</p><p><br /></p><p>That said, their statement &quot;major banks exit shorts and go long&quot; is PREPOSTEROUS....and ZeroHedge has to know it (the people behind the site surely have rudimentary knowledge of a bank&#039;s balance sheet).&nbsp; Show me a bank that tells the Street and analyst community &quot;we ditched Treasuries, which meet Basel III and please our regulators...in favor of speculating in silver.&quot; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p>The banks are CUSTODIANS who trade for their clients and clear for major SWFs, hedge funds, mutual funds, etc.&nbsp; I worked for 2 such banks -- we NEVER took positions in gold/silver.</p><p><br /></p><p>I find it VERY interesting that there are no bodies or rumours of bodies from the sharp rise in silver.&nbsp; Someone should have gotten burned here....or have been forced to cover last week.</p><p><br /></p><p>If not ?&nbsp; Then that shows that the shorts and longs were NOT egregiously positioned and neither is leveraged, out on a limb, etc.&nbsp; If they weren&#039;t hurt yet, they won&#039;t be going forward except straight losses, not forced margin calls or leveraged losses like with GME.[/QUOTE]</p><p><br /></p>

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