Dr. Stephen Leeb, one of the world\u2019s top money managers, says that JPMorgan\u2019s gold derivate short positions are so numerous and large that they likely exceed the entirety of the bank\u2019s assets on hand \u2013 which is a very dangerous position in which to be.<\/p>\n
\u201cWhat I lose sleep over is how much exposure does a bank like JPMorgan have to the [gold] derivative market,\u201d Leeb is quoted as saying, adding that it is an \u201copen secret\u201d in the gold market that JPMorgan is heavy in gold derivative short positions.<\/p>\n
\u201cHow do they maintain these massive short positions? Because the Fed is bankrolling it through its \u2018primary dealers\u2019 \u2013 the megabanks that de facto control the Fed.\u201d<\/p>\n
https:\/\/www.planet-today.com\/2023\/03\/jpmorgan-holds-massive-gold-derivative.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Should the price of gold ever shoot up from its current price by, say, another $1,000 in the coming weeks or months due to an unexpected \u201cblack swan\u201d event, banking giant JPMorgan Chase would more than likely find itself underwater … Continue reading