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JPM has INCREASED their silver short position in the OTC derivatives market.
Max Keiser
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JPM’s recent comments regarding their short position is more wishful thinking than fact. They would love not to be short as much silver as they are but unfortunately, they did not count on a global army of physical buyers causing shortages. A massive squeeze is on – and they have nowhere to hide, save liquidating their balance sheet and papering over their problems with another trillion dollar bailout from the Fed, which of course will only drive the price to explosive new highs!!!!!
NOTICE to hedge funds: Sell shares of JPM naked with impunity. We’ll do our part and continue to take physical delivery of silver. You must reciprocate now by flooding the market with naked JPM short sales; squeezing their balance sheet even more, if you want to stay current with your competitors who will realize large gains with this idea. We can drive the price of JPM to zero. It’s within reach. JPM is nothing more than Enron in a skirt (B. Masters). This is the easiest trade of the year.
Dec. 14, 2010