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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (89323)

4/23/2012 10:07:50 AM

From: Cogito Ergo Sum

Respond to of 217544

From: russet	4/20/2012 2:14:39 PM
	of 3071

The highlights [or should they be called lowlights?] shows that the top five commercial banks in the U.S. hold over 95% of all the derivatives in the U.S. banking system. In the precious metals, JPMorgan and HSBC USA hold 99.9% of all the gold and silver derivative contracts held by U.S. banks. JPMorgan hold 71% of all gold derivatives...and 66% of all silver derivative contracts. HSBC USA holds the rest...and Citigroup's and Bank of America's positions are immaterial. Here's Nick's pie chart that shows that visually. It's obvious that JPMorgan and HSBC USA run the precious metal show...and I'm curious to know who the 'et al' are when I talk about them in the same breath as JPMorgan. caseyresearch.com