The only possible explanation I can think of is JPM are betting on a significant gold price corrective, I.e through 1000 back to 750-800. I personally dont think this will happen, but I guess nothing is impossible given the manipulation of the precious metal markets & seemingly unlimited short positions....could start a war one day, who knows :)
4.2moz gold $24m in the bank all for $63m, page-5
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