JP Morgan has finally made a public statement in regards to their short positon within the silver market.
The company's silver futures positions would be "materially smaller" in the future, the FT reported the source as saying.
You can be your own judge as to what this may be a confession to regarding silver.
They have also denied controlling 90% plus of copper stock warrants as well, but declined to comment on control of any figure less than that.
99.8% would fall below that and warrant a “delcine to comment”
With the silver shorts being openly unwound for JPM, this should bode will for silver prices heading in to the final weeks of 2010
HI HO SILVER!