- advertisements -
It is widely known that J.P. Morgan (NYSE: JPM) holds a giant short position in silver.
Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2010/12/06/benzinga668905.DTL#ixzz17L53q6sQ
"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.
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.
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.
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.
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?
How many resources? As many as they can get their hands on and as many as they can get the sheep to clamor for.
"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!!!
That's probably about right.
Better start buying that upgrade from McAfee :)
"Bernanke Says Fed May Take More Action to Curb Joblessness (Bloomberg)"
'more action'? rofl
Bloomblab has taken over the 'Onion's' old gig.
AU & AG Forward Rates Charts:
The Bernank may take more action by printing more money and handing it to the banks for free to 'curb joblessness'? Oh ok.
Senior Chinese official admits to "unreliability" of GDP data...
Twitter is censoring #wikileaks from its "trends".
Thanks to all the Tylers and Marla for the occasional links to IBD and Barrons, the least crazy among the MSM.
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.