Be careful, JPM has a derivative book

来源: 于 2013-10-21 10:42:35 [博客] [旧帖] [给我悄悄话] 本文已被阅读：次

of 1.5 world silver production. It is slightly long in future's market but not in OTC and other derivatives. I don't think JPM produces an once of silver but they have to deliver 1.5 year production if they  (or their clients) don't liquidate there OTC position.

It's whole derivative book is ~90 TRILLION $. If financial trouble starts again, it has to be bail out, provided US wants to put trillions for JPM.