• Sprott Money
    05/06/2016 - 06:03
    The US, in its own decline, is showing this same self-destructive tendency. The worse things get, the greater the inclination of the citizenry to say, “Carry on, everything’s fine.”

Frontrunning: December 6

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Mon, 12/06/2010 - 09:44 | 781679 velobabe
velobabe's picture

It is widely known that J.P. Morgan (NYSE: JPM) holds a giant short position in silver.



ZeroHedge opines that "JP Morgan is now intent on cornering the copper market, as the monopolist firm stretches its FRBNY-facilitated muscles in an attempt to stem the massive losses incurred via its silver short."

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2010/12/06/benzinga668905.DTL#ixzz17L53q6sQ

Mon, 12/06/2010 - 09:53 | 781695 Snidley Whipsnae
Snidley Whipsnae's picture

"The predator (J.P. Morgan) has now become the prey. Every tick higher in the price of silver brings more pressure on the bank to cover their short position. This in turn puts more upward pressure on the silver price."

Except some of the many wishing to stand for physical delivery of their silver are being paid off in fiat dollars with a fat bonus to take the dollars.

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2010/12/06/benzinga668905.DTL#ixzz17L6rovsM
Mon, 12/06/2010 - 10:15 | 781747 eigenvalue
eigenvalue's picture

To annihilate JP Morgue, you need a hyperbolic move, for example a move from the current level to, say, $70 within 5 months. Otherwise, JP Morgue will have plenty of time to heal the wound and strike back again.

Mon, 12/06/2010 - 10:54 | 781858 Snidley Whipsnae
Snidley Whipsnae's picture

Plus the CFTC should step in and stop JPM (and other losing shorts) from settling it's short losses in fiat dollars....and paying winning longs a premium for dollar settlement.

Mon, 12/06/2010 - 09:56 | 781697 CH1
CH1's picture

Keep this idea in the back of your mind:

Big money was made in Iraq and Afghan. It is waning. The boys need something to replace the revenue stream.

Cyberwar is the replacement.

Mon, 12/06/2010 - 10:01 | 781704 Snidley Whipsnae
Snidley Whipsnae's picture

War consumes more resources faster than any other human endeavor.

How many resources will cyberwar consume?

....or, put another way....

How much will be added to GDP due to expending resources in a cyber war?

Mon, 12/06/2010 - 11:32 | 781976 CH1
CH1's picture

How many resources? As many as they can get their hands on and as many as they can get the sheep to clamor for.

Mon, 12/06/2010 - 10:21 | 781765 Snidley Whipsnae
Snidley Whipsnae's picture

"One suggestion recommended by Mr. Clarke is that the our government create a Cyber Defense Administration."

After 'wikileaks' there is suddenly a great interest in creating another flocking government bureauracy to stop 'cyber attacks'....total bs. TPTB have now learned that no one is watching the 'approved tv financial channels' and are instead discussing current political and financial events on the internet. Gotta put a stop to that!!!

Mon, 12/06/2010 - 11:33 | 781980 CH1
CH1's picture

That's probably about right.

FYI: http://ascolibooks.com/truewords/?p=197

Mon, 12/06/2010 - 10:28 | 781777 Sudden Debt
Sudden Debt's picture

Better start buying that upgrade from McAfee :)

Mon, 12/06/2010 - 09:57 | 781698 Snidley Whipsnae
Snidley Whipsnae's picture

"Bernanke Says Fed May Take More Action to Curb Joblessness (Bloomberg)"

'more action'? rofl

Bloomblab has taken over the 'Onion's' old gig.

Mon, 12/06/2010 - 10:06 | 781717 Paper CRUSHer
Mon, 12/06/2010 - 10:11 | 781742 SheepDog-One
SheepDog-One's picture

The Bernank may take more action by printing  more money and handing it to the banks for free to 'curb joblessness'? Oh ok.

Mon, 12/06/2010 - 10:16 | 781752 A Man without Q...
A Man without Qualities's picture

Senior Chinese official admits to "unreliability" of GDP data...


Mon, 12/06/2010 - 10:17 | 781756 TaggartGalt
TaggartGalt's picture

Twitter is censoring #wikileaks from its "trends".  




Mon, 12/06/2010 - 11:20 | 781934 kaiserhoff
kaiserhoff's picture

Thanks to all the Tylers and Marla for the occasional links to IBD and Barrons, the least crazy among the MSM.

Do NOT follow this link or you will be banned from the site!