Butler Notes Huge Rise in Banks' Metals Derivatives Positions, But Whose Are They Really?

Market analyst Ted Butler raises concerns about the substantial increase in monetary metals derivatives positions held by JPMorgan, Chase Bank, and Bank of America. He suggests that these positions may belong to the U.S. government, with the banks acting as brokers. The disproportionate nature of these positions compared to trading on the New York Commodities Exchange raises suspicions of government involvement. Butler’s analysis can be found at SilverSeek.