Bank of America had a non-comex position of 101 billion$In their over the counter gold/silver derivatives position on March 31/2023...A whopping increase of 50% from the last OCC ( Office of the Comptroller of the Currency) report on Dec 31/2022 !!
JP Morgan had a off the grid 253 billion$ dollar position in gold and silver at March 31st/2023.. a 25% increase from Q4 /2022..These positions dwarf the comex numbers by several times...
All these trades between the banks in silver and gold are "over-the-counter" !!!
Obviously these derivatives are used to "Tamp Down" the price of silver and gold...
Nothing to see here....move along...
Ask yourself the question : is it a conflict of interest when the largest bank in the world (JP Morgan) is the biggest player in the precious metals market when the "monetary metals" are in direct competition with "fiat currency paper assets" ?
JP Morgan is probably bigger in terms of financial assets than 60 small countries combined ! And these people are against the price of gold and silver going higher! Is this a free market?