all that glitters is silver, page-3

BRAVO BigRedRoo..top class effort.

I think the discrepancy you note over the time frame is due to adjustments being made after the reporting period closing dates. This is how they are trying to hide the true positions held. It is to me part of the manipulation process of the NCT's. Note though that in the case of JPM they are both CT and NCT. They do have stock but not enough to cover. So that duplicity is a very clever ploy on JPM's account.

Here is an excerpt from a recent news article

"The silver price is rising?a lot. From less than $10 an ounce two years ago, the silver price has more than tripled. Therefore, if J.P. Morgan does, in fact, hold a 3.3 billion ounce short position, every one-dollar increase in the silver price would produce a loss of $3.3 billion?at least on paper."

So if they are 3.3 billion short as of when the price was $10, their true exposure at $30 is according to the above $66 BILLION!!!..Pffft! They should have crashed themselves during the GFC then maybe the Fed would have helped them out :)

Anyway, thanks for sharing your excellent research with us.