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 Strategies & Market Trends : The Financial Collapse of 2001 and Beyond

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To: Snowshoe who wrote (89326)4/23/2012 10:07:50 AM
From: The Jack of Hearts of 100737
 
From: russet4/20/2012 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 
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