/biz/ - Business & Finance

>>56879478
>so I can sell it before the market collapses like it did last time
I often wondered if JPM uber-stacking silver from 2017-2020 then an extra big slurpie during the March 2020 crisis was just merely by chance, or if they were aware about the scamdemic and stacking was to load up on collateral to giga-leverage not naked once SHTF.

It's 100% evident the big wigs at JPM were informed in advance about the scamdemic, it's something who was years in the making and they took an active role in it. But i don't have any circumstantial evidence they did inform their commodities desk about it.
Maybe it simply was the PM division logically thinking
>wow listen joobros : we are in 2018, all banks in the world are in dark-red territory, forced to cook all their numbers because they got destroyed by zero interest rates policies, all forced at gunpoint to hold worthless Tbonds generating no yields from over-indebted governments, we are on our way for societal collapse from worldwide demographic suicide, trust in institutions is at ATL, the competency crisis is hitting hard... and silver is $14/oz, below extraction costs for most primary miners lol?

I could understand/believe it simply being a normal decision to take, because that's exactly what i did too in 2018, and i too extra slurped during the March dip. But i wasn't in the confidence about the coof. It simply seemed obvious silver could only go up.

I wonder if they plan to unload* until they go down to levels they were owning in 2014-2016. I personally don't believe so, because it's not by selling the physical they make money, but by selling digital IOUs, so this extra reserve is simply the manifestation of the (very) partial backing for all the SVL shares out in the wild.

* = they didn't really unload on their own volition, but comex participants decided at some point to either settle their contracts in physical; or ppl cashing in their shares, reducing JPM's exposition who then didn't need as much collateral.