Notice the intermediate bearish cross of the 20 day MA which just crossed below the 50 day MA.
Now consider the action in the price of physical silver:
It appears that silver is about to make an intermediate bullish cross of the 20 day MA moving above the 50 day MA some time later this week.
So my question is how JP Morgan stock will hold up in face of the bullish developments in silver metal considering they hold close to 40% of all silver shorts at the COMEX?
JP Morgan to buy back $3 billion of its stock.