Ted Butler om JPMorgans silverposition (källa):
I’d be remiss if I didn’t mention my speculation that JPMorgan has amassed upwards of 300 million oz of physical silver over the past four years in the big buyer discussion. JPM is the most powerful and, in many ways, the most sophisticated trader in the world. I would also add most connected and crooked. This bank, in my opinion, controls the silver market. How they accumulated as much silver as I claim they’ve acquired is a testimony to their skill, power and treachery. But not even JPMorgan was able to buy 100 million ounces of physical silver in a short time (aside from the first big price take down in 2011).
If JPM did buy as much physical silver as I allege, that tightens the physical market even further and makes the price impact of the next big buyer that comes along more potent. It also validates the big buyer premise because JPMorgan wouldn’t buy that much silver if it wasn’t looking to score big. And while it does create the possibility that JPMorgan could then sell the physical silver it acquired to the next big buyer which comes along at discounted prices, in reality that would only occur if JPMorgan sold the silver it accumulated at a loss and, in effect, subsidized the next big buyer’s purchase. That would not be in keeping with JPMorgan’s reason for existence. – Silver analyst Ted Butler: 25 February 2015