JPM's 'hedging' is really prop trading.
I suspect strongly that this is the basis of their 'silver hedging' as well.
"It is true that there is a palpable despondency in the air. But I believe it is more from shock than despair. People, I think, have been genuinely sickened and slightly stunned by how massively they have been betrayed. There is something which leaves you feeling winded for a moment, when someone betrays you. People feel violated. But this moment of stunned silence is passing. And what might follow frightens our Dear Leaders and the people they work for – the Over Class." David Malone
The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustainable recovery.
Welcome to Jesse's Café Américain - These are personal observations about the economy and the markets. In providing information, I hope this allows you to make your own decisions in an informed manner, even if it is from learning by my mistakes, which are many. As a standing policy I never provide individual investment advice to anyone. I will only occasionally disclose my personal positions for purposes of illustration. Understand that my own circumstances could differ greatly from your own, and therefore what is suitable for me may not be suitable for you. My comments are intended to be reflection on general macro financial and economic events and trends.