Massive jump in Notional principal amount of over-the-counter derivative contracts for Precious metals (Silver, Platinum, Palladium only) for JP Morgan.... $278.8 Billion increase over 1 quarter. This is breath taking.
Appreciate @cruthergien for pointing this out
Appreciate @cruthergien for pointing this out
Dec 31, 2021 total amount was $27,037,000,000 (approx. $27 Billion) 
March 31, 2022 total amount was 305,878,000,000 (approx. $305.8 Billion)
I doubt institutions are tripping over themselves to invest $278 Billion in derivative products like these.
If they are, I think individual investors need to wake up and rethink about relying on institutions to look out for their interests
If they are, I think individual investors need to wake up and rethink about relying on institutions to look out for their interests
I have reached out to various departments within the OCC 2 months ago and still have not received a word on further clarity of these derivative positions. With this latest increase from JP Morgan, would appreciate any help in explaining the 10x increase in 3 months.
Investors and institutions need to get real and protect themselves from counterparty risk! Derivatives will not accomplish this.
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