Just looked up and JPM holds about 1 billion ounces of silver and 25 million ounces of gold, from an april 2020 article. It says they have not lost anything trading in over a decade. THEY manipulate it to suit their needs and buy on the cheap.
Just looked up and JPM holds about 1 billion ounces of silver and 25 million ounces of gold, from an april 2020 article. It says they have not lost anything trading in over a decade. THEY manipulate it to suit their needs and buy on the cheap.
You don't understand writing covered commodity futures, do you?
You don't understand writing covered commodity futures, do you?
OK, I'm game.... you explain it to me... No copy-paste explanations.
OK, I'm game.... you explain it to me... No copy-paste explanations.
They sit on their huge silver inventory and write futures contracts at a premium to deliver the silver in the future. They get paid the time value, risk free. If the uninformed public runs silver up, they will just sell more futures at a higher price. You help them.
They sit on their huge silver inventory and write futures contracts at a premium to deliver the silver in the future. They get paid the time value, risk free. If the uninformed public runs silver up, they will just sell more futures at a higher price. You help them.
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