JPM
JPMorgan Chase & Co.
stock NYSE

Agree, and lately we've seen the biggest moves at night when Shanghai markets open, this is a worldwide squeeze anyone tryiong to short will learn a painful lesson. I think JPM exited the short game and took delivery on 169M oz recently and now has the biggest hoard in the world with somewhere around 750M-1B ozs of phyiscal silver. They aren't going to sell it at a loss. It's been a long term con where they keep the price supressed so they can accumulate physical, JP Morgan himself said "Gold is money and everything else is credit" don't think his company forgot that lesson they've just been playing along and helping the fed/USD

So far, my Cores are JEPI, JEPQ, SPYI, QQQI, and BITO. My satellites are AAPL, JNJ, JPM, MCD, MSFT, PG, PM, TXN, VZ, and, WMT

I think there’s an opportunity for money to be made with JPM puts 1 month theta

Why wouldn't they sell physical silver at the peak, while shorting the market at the same time? Double whammy. JPM has full control over the silver implosion. They can blow it up at any time they want to.
I fear the focus on the silver craze is gonna leave many physical silver-rich, but gold-poor.

JPM was just bragging about their 750M physical pile. Wanna guess who shorted today??

Okay sure yeah, how about a rebuttal though
🛑 The Theory Breaks (Critical Mechanics)
The theory breaks because bullet swaps do not work the way a simple price reset mechanism suggests. A bullet equity swap accrues no interim cash flows and settles once at maturity based on a Notional, Contractual reference price(s), and a Final valuation method (typically VWAP, official close, or average over window). They do not re-validate “current price” using a single overnight LAST print. Any institutional ISDA schedule relying on that would be legally indefensible. Furthermore, if JPM were rolling a legacy 2008 swap, the reset terms would be renegotiated, reference prices would be contractually explicit, and both counterparties’ risk committees would see it; a $300 → $20 reference reset via a retail-visible print would be laughed out of documentation review.
🚫 “LAST Price” \neq Legal Valuation Price
The distinction between the "LAST price" seen by retail platforms and the legally recognized valuation price used by institutions is critical. Retail platforms (ThinkOrSwim, TradingView, etc.) display Consolidated LAST, often including late reports, out-of-sequence trades, or non-standard venues. Institutions, however, use the Official close, Primary listing exchange prices, VWAP/TWAP windows, and Clearing-validated settlement prices. A stray overnight print does not migrate into swap valuation unless explicitly defined—which it never is for systemically important banks.
⚠️ The Deeper Truth the Post Does Touch (But Misattributes)
The real systemic pathology is not the cartoonishly fake price resets described through bullet swaps, but a more complex issue rooted in financial structuring and regulatory tolerance. The genuine problems are Synthetic leverage stacked on synthetic collateral, Duration mismatch hidden in derivatives, Implicit public backstops encouraging tail-risk writing, and Regulatory tolerance for opacity under “netting” assumptions. That does produce mutually reinforcing risk, delayed loss realization, and crisis-time socialization, but it happens through balance-sheet aggregation, not through the mechanism of a single overnight price print.
Would you like me to elaborate on the concepts of Synthetic leverage or VWAP/TWAP?

Pictured: JPM doling out $504 million in 0.42% GME lend fees annually, and this year the approximately (conservatively) 2 billion in warrants. I'm sure they can keep this up forever. Honestly surprised UBS didn't cease to exist immediately after the forced marriage.

Two scenarios:
A. Government bonds are directly bought by the central bank with money created from thin air.
B. Government bonds are bought by a private bank and then bought by the central bank with money created from thin air.
Now scenario A is widely considered to be the sign of unsound money and most people recognize that as bad.
However you throw, say JPM, as the middle.man and you have the US monetary and fiscal policy that is totally independent of each other.
🤔

JPM closed their short positions and went long?

Those JPM $320’s are cooked quit propping it up

You're fine - just hold on and it'll bounce. People in this sub panic over every 1% move one way or another but the reality is \*typically\* what eats shit today gets gains tomorrow. It's why I mainly dip buy and this week has been great for that. Made huge money with JPM and ORCL, I expect AVGO to pay off as well.

JPM Overnight Dips 93% from ~$320 to below $20

Not sure where they get their info, but it's interesting that [According to this article](https://www.nationalgoldconsultants.com/articles/jp-morgan-is-long-on-silver):
JP Morgan (JPM) is holding the world’s largest stockpile of physical silver, having amassed over 750 million physical ounces. Over the last six weeks alone, JPM has accumulated more than 21 million ounces. This brings a few questions to mind: How was JPM able to accumulate that much physical silver in such a short period of time? What funds did JPM use? And why would JPM do this? From June to October 1, JPM sold off its 200-million-ounce paper short position, freeing up funds for physical ounces and leaving the financial institution with zero short contracts. This is the first time in history that JPM has been long in both physical and paper silver.

I’m looking for advice on how to best position myself for a U.S.-based quant trading role in the long run, which I believe fits both my personality and career goals best. I’m also strongly motivated to work in the U.S., where I see the largest concentration of opportunities in quant trading.
I should add that I’m not a U.S. citizen, which is one reason I’m seriously considering a U.S. MFE as a pathway into the U.S. job market.
Background
* Bachelor’s in Mechanical Engineering (top Canadian university)
* Minor in Mathematics
* By graduation, I will have completed all standard MFE prerequisites: calculus I–IV, linear algebra, probability, statistics, PDEs, real analysis, and numerical methods
* Near 4.0 GPA
* Career goal: Quant trading (not quant research) in the U.S.
Current decision
I have an offer for a Summer Analyst internship at a top US BB (JPM, MS, GS), Institutional Equity Division (Sales & Trading) in the APAC region.
I’m currently debating between two paths:
**Option 1 – Internship → MFE immediately**
* Do the BB S&T internship
* Apply directly to U.S. MFE programs afterward
* Likely secure a very strong letter of recommendation from a mathematics professor I’ve taken multiple advanced courses with
* This professor will be leaving the university in 1–2 years, so this academic letter may not be available later
**Option 2 – Internship → Full-time role → MFE later**
* Do the internship and aim for a return offer
* Work in S&T for 1–2 years
* Apply to MFEs afterward with more professional experience
* Downside: I likely won’t be able to obtain as strong an academic letter of recommendation due to losing contact with my math professor (there is no way around this)
Main question
From the perspective of U.S. quant trading placement, visa considerations, and MFE admissions, how do you weigh:
* Strong academic letters vs. additional S&T work experience
* Applying earlier with stronger academic signals vs. later with more industry experience (but weaker academic LORs)
Any insight from those familiar with MFE admissions, quant trading recruiting, or navigating this as a non-U.S. candidate would be greatly appreciated.
Thanks in advance.

# Where are you buying your silver from during the Christmas Raid?
[](https://www.reddit.com/r/Wallstreetsilver/?f=flair_name%3A%22%3ADanger%3A%3ASpacer%3AEND%20THE%20FED%22)
I typically buy my silver on [r/pmsforsale](https://www.reddit.com/r/pmsforsale/) but it doesn’t seem like the best place if I want to apply pressure during the last week of the year.
Is there an exchange or provider I have access to that is also selling to JPM?

JPM has already started selling your shares in SLV. Bail out now, buy the shiny.

JPM et. al won’t allow SLV to fail

RAID RAID RAID! End the Fed, Crimex, LBMA and JPM!

Are they trying now??? For every long, there has to be a short. Thus, it can still go down. I read n article yesterday....claiming....JPM no longer has any shorts. That would include what they acquired when they took on Bear Sterns position.

It's because they not offering "sports betting". They're offering financial derivatives based on the outcome of events. This happens all the time on Wall St. If that gets regulated it causes headaches for large institutional money. The US operates via crony capitalism but even here you can't say "JPM is allowed to offer derivatives but wall st banks aren't".