Loading ...That article on MSN was written by the Jerusalem Post. Interesting.
They talk about 151K short contracts and losses of $1.3 Billion, which for 5 major banks is nothing for the Fed to print up. Is that just the one day loss. I’d argue though that the losses are much bigger than $1.3 Billion, they’ve had close to that amount of shorts since silver was in the low $20’s.
Regardless, it’s good to see it, and I hope they have to actually buy the metal to cover. The heck with them, they’ve caused so much pain for small investors over the years with their cheating, I hope they all go belly up.