Thursday, April 21, 2011

If only JP Morgan had gone long silver

If only JP Morgan had gone long silver instead of massively short over the last 5 years their shareholders too could have seen the share price rise by over 200%. Unfortunately they didn't and the price performance of JPM has laid a 5 year egg. Note the SLV ETF is used in the graph below as a proxy for silver, I thought it only fitting as JPMC are the custodian.


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