30 April 2012
Occupy the SEC on Wall Street Banks, JPM 'Hedging,' and the London Whale
JPM's 'hedging' is really prop trading.
I suspect strongly that this is the basis of their 'silver hedging' as well.
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"The world needs a new generation of policymakers who don’t hobnob with billionaire speculators and who understand workers’ concerns. Unfortunately, the change will not come smoothly. Political turmoil in the West is very much about this. A heavy price has to be paid to bring about the change."
Andy Xie, SCMP 21 Sept 2018