Great question about JPM and buying physical. Like drb2, I always get suspicious when the commercials go long because I generally think they go long to dump on the market. Physical is different, but like Maddog, I wonder if they bought physical for a client and now will go short against them?
I guess I’ve gotten conditioned and paranoid in my old age. I can’t see any scenario where the banksters would go long or hoard the metals, they are the only thing that could possibly screw their fiat empire.