RE: This I didn't know...2 Feb 2026 14:52
Matthew Piepenberg:
“But was it really any “magical” coincidence that JP Morgan was able to exit its massive (and fatally stupid) short exposure at the absolute bottom/floor of the silver price on Friday? That is, at the perfect moment?
Was it also any coincidence that the London Metals Exchange went completely dark on that very same day?
And was it just an equal coincidence that HSBC, the second largest silver short holder on the LBMA, went completely offline as the choreographed Friday massacre in silver took place?
Or do you think it may also be just another coincidence that the self-regulated COMEX raised its margin requirements yet again on that same Friday to shake out even more of the levered longs, which were otherwise pummeling the short-exposed bankers?
And finally, do you think it was just a coincidence that the announcement of a new Fed Sheriff came that very same day, on the eve of a weekend, and well after the Asian markets had closed?”
Add to that CME’s singular failure to halt trading after 10% decline.