$500 Silver & Imminent Price Explosion! Max Keiser (500 dollar silver)

November 19th, 2010 by maxkeiser

MK: JP Morgan also holds the largest derivatives positions of any banks, at $69 Trillion (not 1.5 trillion that I mention in my conversation with Alex), according to the US OCC. Thus, it is likely that JP Morgan also holds the largest short position in silver derivatives, too, as a matter of course, since they dominate derivatives trading in general. So, to them, a $100 billion short position in silver would be “chump change” compared to their other derivatives positions, and may, in actual fact, be a part of a larger overall strategy to maintain the value of their other derivatives, (including the US dollar) to keep interest rates low.