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Silver Manipulation: The iShares Silver ETF And J.P. Morgan’s Conflict Of Interest? (SLV, PSLV, AGQ, ZSL, GLD)
Jeff Nielson: JP Morgan (NYSE:JPM) is the largest silver short-seller in the history of the world. JP Morgan is the “custodian” for the largest “long” silver fund in the history of the world, making this one of the largest conflicts of interest in all of history.
If the unit-holders of the iShares Silver Trust (NYSE:SLV) make a small amount of profit on their holdings (per unit), JP Morgan suffers massive losses on its “short” position in the futures market – and then at least