Or the US gov is using BofA to manipulate the market. This is possibly the most likely situation. Seems hard to imagine a bank taking that huge of a risk position on its own with no backing - but banks have been known to do stupid on a large scale before....
Either way, the way I see it is when the price starts to rise to any significant degree, it's going to be quite a ride up as everyone who is short tries to cover
Either way, the way I see it is when the price starts to rise to any significant degree, it's going to be quite a ride up as everyone who is short tries to cover