Anil Selarka, Author of Sub Prime Resolved, chronicles the latest events surrounding Silver which is now due for hectic rise and which may cause serious discomfort to some of the largest banks like JP Morgan Chase, HSBC, a German bank and a Swiss Bank. On 24/March, there was huge short selling resorted by some of the largest short sellers, when the Silver broke into new twilight zone. $38.20. They wanted to bring it down to less than 35.50 at any cost. The short selling was so ferocious that in last 45 minutes of trading, almost $5.5 billions of Silver went short from one holder to another which works out to $ 120 million per minute or $2 million per second. Read more. It is free.
business, education, news & politics
bail out / bankruptcy / gold / hsbc / silver / naked short / short selling / jp morgan / comex
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