Posted On: 05/29/2015 11:24:12 AM
Post# of 43066
Thought you might find this interesting. Of course the world has been beaten into the submission on the topic of naked shorting.
The Fed realized that uncovered short sales provided enormous leverage over the prices of the metals and that it would be profitable for the bullion banks, such as JPMorgan, Scotia, and HSBC, to short the market heavily and then cover their shorts at lower prices produced by selling as a result of triggering stop-loss orders and margin calls.
http://www.paulcraigroberts.org/2015/05/26/fr...g-roberts/
The Fed realized that uncovered short sales provided enormous leverage over the prices of the metals and that it would be profitable for the bullion banks, such as JPMorgan, Scotia, and HSBC, to short the market heavily and then cover their shorts at lower prices produced by selling as a result of triggering stop-loss orders and margin calls.
http://www.paulcraigroberts.org/2015/05/26/fr...g-roberts/
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