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JP Morgan just pulled one of the biggest long cons in history.
One of the longest running shorts just pivoted to a long position.
They are currently (I believe) the largest holders of physical silver in the US at 750mil Oz.
Its literally the OJ futures scam in "Trading Places"
@Zeb thats the genius part or devious, depending how you want to look at it. They were buying physical while tamping prices via shorted paper
@marlathetourist
Physical silver or paper contracts?