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The JP Morgue Whistleblowers Are Back

Tyler Durden's picture


Promptly after those two cuddly bears explained how the JP Morgue is manipulating the silver market, and the xtranormal video went viral, forcing the FT to release an indemnification that "according to sources" JPM had covered a major portion of its silver short (only to subsequently end up with 90% control of other metals markets), here they are back, explaining in Part 2 of the series just what the next steps in the unwind of the biggest metal manipulation scheme will look like. The kicker: a JPM insider has told one of the bears that there is no commercial silver left, "it's all smoke and mirrors, and the CFTC can do nothing about it other than pray." Other topical items explained: silver backwardation, that there are two commissioners at the CFTC on the JP Morgue's payroll, the BIS' fractional gold system and the usage of side pockets for sovereign gold, and pretty much everything that ties the loose odds and ends in the PM manipulation story.



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Fri, 12/24/2010 - 12:39 | 828029 Dolar in a vortex
Dolar in a vortex's picture

Nicely done.

I invoke Billy Joel, "We didn't start the fire ...."

Fri, 12/24/2010 - 13:21 | 828095 66Sexy
66Sexy's picture

i liked the female bear voice better

Fri, 12/24/2010 - 16:20 | 828419 JLee2027
JLee2027's picture

Yeah me too!

Fri, 12/24/2010 - 18:20 | 828662 Malcolm Tucker
Malcolm Tucker's picture

Speaking of whistle blowers, now we have the aptly named Patriot App!


Fri, 12/24/2010 - 22:43 | 829039 Herd Redirectio...
Herd Redirection Committee's picture

Well, cell phones already had the ability to listen in on ANY conversation, while turned off!  And your movements can be tracked...  Kinda reminds one of 1984, although in that case it was a TV in your room that spied on you, a phone that you always carry with you, much better!

You have good reason to be fed up!

Check out our latest PsychoNews story: "Psy-Ops, Disinformation & Bold Faced Liars"

"What has been happening is the central banks have decided if they couldn't have real price stability, they would atleast provide citizens with the illusion of it.  How could price stability be perceived, without being real?  The answer: suppression of precious metals prices.  Why?  Because precious metals, gold and silver primarily, are competing currencies to banker-issued fiat currency.   Keep the price low, or even drive it down, and people will theoretically retain faith in fancy (but intrinsically worthless) watermarked pieces of paper, or better yet, numbers on a computer screen.

In order to maintain power it is crucial for the Oligarchy (of which central bankers are only a small part) to discredit precious metals.  Price suppression is part of the project, but it can only last so long, and as we have seen, it is not possible to completely suppress demand for gold and silver.  So the natural complement to price suppression is a psychological operation, AKA psy-ops. "

Sat, 12/25/2010 - 08:03 | 829483 Azannoth
Azannoth's picture

I dont even keep my SIM card in the phone unless I make or expect a call, and in Germany you have to show your passport before buying a SIM card

Sun, 12/26/2010 - 14:45 | 830580 DosZap
DosZap's picture

Herd,Remove the battery.

In the off position,your conversations can be monitored.Battery out, unless you have been Chipped, should be safe.

SIM cards of course have no power supply(unless Chipped).

Fri, 12/24/2010 - 15:15 | 828274 Quixote2
Fri, 12/24/2010 - 21:50 | 828977 sunny
sunny's picture

I just heard that Bush3 was renominating the Fed for a Nobel prize in economics.  How about we start a movement to nominate the folks at Extranormal for that prize.  Clearly they have a better understanding of how economies work.

How does one go about making such a nomination?


Sat, 12/25/2010 - 00:31 | 829212 Herd Redirectio...
Herd Redirection Committee's picture

I believe Xtranormal is just the software/website, individual users have to create the content/have an understanding of how economies work.

Sun, 12/26/2010 - 00:46 | 830197 Croesus
Croesus's picture

Fri, 12/24/2010 - 12:41 | 828034 bobert
bobert's picture


Sat, 12/25/2010 - 20:53 | 830066 Turd Ferguson
Turd Ferguson's picture

Turd concurs.


Fri, 12/24/2010 - 12:42 | 828035 Confused
Confused's picture

Wow, scary times ahead? 

Fri, 12/24/2010 - 14:45 | 828214 sgt_doom
sgt_doom's picture

Excellent vid!  Now how about the "coincidental" confluence of recent events:  the chocolate futures market cornered several months back, and now the situation in Ivory Coast, which no doubt will drive up the futures market in chocolate!  (Perhaps, there are NO coincidences!)

And speaking of strange coincidences, how's come this Thomas Bodstrom, partner in that law firm of Borgstrom and Bodstrom, involved in a political-bankster vendetta to get Julian Assange of Wikileaks, appears in this photo at a speed dating event in Sweden with a woman who is definitely not Mrs. Bodstrom?  And why is Thomas Bodstrom, whose firm is involved in its highest-profile case ever, now in America?öm-0321-1024x768.jpg


Fri, 12/24/2010 - 12:51 | 828047 philgramm
philgramm's picture

5000 ounces came in last week....................FU JPM!!!!!!!!

Fri, 12/24/2010 - 12:51 | 828049 Oh regional Indian
Oh regional Indian's picture

Heh.... funny. I suppose cartoon realities are best explained by cartoons eh?


Fri, 12/24/2010 - 12:55 | 828052 Rusty Shorts
Rusty Shorts's picture

"Latest in the series of leaked cables from the whistle-blowing website, Wikileaks, is an open admission by President Mills that some oil companies had attempted to offer him a juicy package to influence him."

Fri, 12/24/2010 - 13:01 | 828062 Oh regional Indian
Oh regional Indian's picture

Darth Cheney to the rescue!


Fri, 12/24/2010 - 13:08 | 828071 cosmictrainwreck
cosmictrainwreck's picture

"Asst. Sect'y of States [sic] Johnnie Carson..." that's a hoot! the guy's a comedian, right?

Fri, 12/24/2010 - 13:59 | 828149 chopper read
chopper read's picture


"President (John Atta) Mills told the aforementioned individuals how he was committed to putting the country’s oil proceeds to good use but had cause to complain that a number of corrupt oil company representatives had attempted to bribe him."

Fri, 12/24/2010 - 14:13 | 828162 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Give Obama credit for being a war monger.  Barry had Africom ready on day one. 

Fri, 12/24/2010 - 15:40 | 828328 Careless Whisper
Careless Whisper's picture

(r) = (d)  now we startin' to get it

the ghost of Jackie O visits JP Morgue HQ (@3:40):

lindsay lohan fans follow in her footsteps against evil bankers: 

Fri, 12/24/2010 - 21:16 | 828936 Herd Redirectio...
Herd Redirection Committee's picture

WTF, that is the 2nd video I have seen by that guy.  All I can say is, ummmm..... Questionable logic, but well-intentioned!  Probably not the greatest spokesperson from a credibility standpoint, but hey, whatever makes the teenyboppers learn something vital!

Sat, 12/25/2010 - 02:08 | 829310 e_goldstein
e_goldstein's picture

best 'peace thru war' president evah!

Fri, 12/24/2010 - 12:56 | 828055 Unlawful Justice
Unlawful Justice's picture

TRUST............ your shit without it.  


Fri, 12/24/2010 - 19:56 | 828823 strannick
strannick's picture

Trust, then verify

Fri, 12/24/2010 - 21:23 | 828945 malikai
malikai's picture

Just verify.

Sat, 12/25/2010 - 02:05 | 829307 Village Idiot
Village Idiot's picture

But verify.

Sat, 12/25/2010 - 02:08 | 829312 e_goldstein
e_goldstein's picture

just don't trust.

Sat, 12/25/2010 - 02:58 | 829356 Village Idiot
Village Idiot's picture


Sat, 12/25/2010 - 16:55 | 829960 Hephasteus
Hephasteus's picture

Governments can't be verified. So they can't be trusted. There is no due dilligence. Everyone who jumps on board is just another fool in the fool conga line.

Fri, 12/24/2010 - 12:58 | 828060 dizzyfingers
dizzyfingers's picture

This is the only site worth checking every 10 minutes or so.

You are sooo good.

Fri, 12/24/2010 - 13:13 | 828079 Syntaxkat
Syntaxkat's picture

yup, set as my default page.

Fri, 12/24/2010 - 14:20 | 828180 illyia
illyia's picture

++ 1 Lb AU

Fri, 12/24/2010 - 15:37 | 828324 strannick
strannick's picture

Effen Eh to that. Not said nearly enough.

Fri, 12/24/2010 - 16:24 | 828426 lead salad
lead salad's picture


Fri, 12/24/2010 - 17:53 | 828598 cosmictrainwreck
cosmictrainwreck's picture

love that avatar, lead salad. HA. keeps me "grounded", yesh

Fri, 12/24/2010 - 13:04 | 828064 truont
truont's picture

I think the JSomm is the likeliest of the "captured" regulators at the CFTC...

Fri, 12/24/2010 - 13:03 | 828065 Captain Benny
Captain Benny's picture

I'm so glad that I made the conscious choice months ago to free up capital to invest in PMs.  Its been taking some time, but I'm ready to "buy the fucken PM dips" ... Plan to quadruple my large investment size in physical / PSLV the coming three months.

Fri, 12/24/2010 - 13:13 | 828068 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Silver's spotlight, however dim, has good aim, and look how light does follow a star.  The MSM is all abuzz about the shiny metal, wondering thoughts aloud once only reserved for tin foilists to murmmor.  But the world over is now abuzz at buying silver in hope to crash the hated House of John Pierpont Morgan:  The precious metal of course is also a fantastic store of wealth, maybe better than in its entire history (what is above ground supply?).  The price suppression is epic, and a case for 'the most blatant manipulation of monie since Rome sacked their Tresurie' can not only be made, but stand.  The former first loan of recourse, alongside gold, has been used topically by the oilgarchs on the faux massage of the American Adventure that has led to the pillaging of the world over.  Its value lost in the dreamlike somatic state of this disneyworld, dollars trade with minimal desire towards the former iconoclast.  Now that monetary policy is affecting all commodities, plentiful and finite, there will be a move that realizes the fate of silver and the fate of the world.

The complacency of humans can be insurmountable, and silver is at a watershed moment.  Whether or not there is any silver on the COMEX is besides the leverage known on the exchange.  At least 7 to 1 but maybe upwards of 100 to 1, silver and the other metals are leveraged against....well, each other to form the basis of the financial system.  Once the loans of first recourse are made, the fascist bank ledger begins to accumulate fractional realized earnings.  You see when it comes to leverage and manipulation there are many layers under the surface.

There are points of inflection for all goods with silver not an exception.  If silver in dollar terms is pushed to high, by an increase in demand, a decrease in supply, or by poor monetary policy, the whole landscape of trade would be wrecked.  Silver is used in industry for medical equipment and photography and there would be no 21st century without it (at least not the 21st Century imagined by most).  It is my belief that silver will be the second to last finite commodity to appreciate, with substantial price appreciation happening in the face of rising oil costs (this trend began in earnest once silver broke $20.92).  Silver has absorbed much of inflation's excess, but it can only take so much more before technology takes a hit.  With the move in people actually taking wealth into their own hands, in the form of silver, this price rise may happen hard, fast, and now. 

Fri, 12/24/2010 - 14:43 | 828210 Bay of Pigs
Bay of Pigs's picture

Mr Hendrix, that is simply awesome.

Fri, 12/24/2010 - 14:50 | 828222 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Thank you B of P.

Fri, 12/24/2010 - 15:34 | 828313 breezer1
breezer1's picture

i read somewhere that a missle uses 300 or more ounces .

Fri, 12/24/2010 - 15:35 | 828320 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Talk about wealth destruction.

Fri, 12/24/2010 - 20:11 | 828844 strannick
strannick's picture


Sun, 12/26/2010 - 15:53 | 830677 Jerome Lester H...
Jerome Lester Horwitz's picture

Wouldn't that be wealth redistribution?

Sat, 12/25/2010 - 10:00 | 829585 The_Euro_Sucks
The_Euro_Sucks's picture

Nice Christmas thought, Crash JP, get worldpeace buy silver ;)

Fri, 12/24/2010 - 15:50 | 828355 IQ 145
IQ 145's picture

 "---the second to last finite commodity to appreciate,--" ah, well, that's alright; but personally I'm waiting fgor those infinite commodities.

Fri, 12/24/2010 - 16:04 | 828381 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Gold only comes from super novas.  Silver only 'grows' with a sister metal.  Oil takes thousands upon thousands of years to form.  Corn, cotton, soy all grow as much as they are watered and planted.

Fri, 12/24/2010 - 19:23 | 828760 tallystick
tallystick's picture

That's right, gold and silver are literally second and third generation star dust. 

Sat, 12/25/2010 - 02:22 | 829330 Dave
Dave's picture

"Watered" is the key word there. And that's a whole nuther deal.

Fri, 12/24/2010 - 16:18 | 828410 zero-g
zero-g's picture

Well said, have enjoyed your commentary. There is no way out now, the only direction is up.

If anyone can submit a valid counterpoint, I'd appreciate one, as I haven't found one yet....

The only question I have is when silver goes to 50 or 100 or 500$, will we see the price of normal goods rise in kind, or in a much smaller amount?


Fri, 12/24/2010 - 17:42 | 828558 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I think that there has been and will be a balancing act between PMs and oil, with each inflating proportionally to how much can be done without disturbing the status quo.  Oil is the end all.  Silver and gold would be allowed to appreciate around 33% higher before oil breaches $105 a barrel, which is the price I have for crippling the American Adventure.  Until then, the price increase will affect technology, albeit minimally.  Once $105 is breached with authority, and silver and gold prices rise with equal ferocity, I think prices as you know it will go out the window.  Food, nevermined technology will haunt diets everywhere, however justified.  I do think once the dust settles, and that could take years, and silver is $500 per oz or whatever, I think it will keep technology in the upper class' hands.  Other considerations are with durable machinery and input costs, and whatnot.

Fri, 12/24/2010 - 20:09 | 828841 zero-g
zero-g's picture

You are probably right about oil, I hadn't really given that aspect enough respect. I think as you stated, around 105 would be a tipping point as consumers and businesses are broke, but as we have seen so many times already, it doesn't mean the banksters\US Gov can't do another extend and pretend. However, at that juncture, the only way I see them keeping it going is either outright revalue of the USD lower, ala bank holiday and a 50% lower dollar, or US workers taking actions forcing payraises, which would be difficult I think due to the amount of unemployement. The US Gov has avoided all opportunities to help the middle class in a meaningful way, and I wouldn't look for that to change anytime soon.


I think even if food and other types of goods will probably rise in price in multiples, it just will be a lower multiple of how fast gold and silver appreciate, giving us a bit of extra buying power when the dust settles. I still see a huge relative bubble in the real price and amount of luxury goods the middle class has, and think those will decrease in price, things like the 'status motorcycles' ala Harley Davidson, boats, expensive jewelry and watches, real estate, and probably high end cars too. The middle class will try to sell these to into an increasingly crowded marketplace.


It will be interesting to see how it all plays out, as the saying goes, we definitly are living in interesting times.

You helped get me interested in silver, as I had been almost gold only before, thanks.

Fri, 12/24/2010 - 21:12 | 828930 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Zero G, my friends say that, and you're welcome. 

Sat, 12/25/2010 - 08:00 | 829482 pcrs
pcrs's picture

the ben bernank could perhaps do a reverse split with the dollar

Sat, 12/25/2010 - 14:47 | 829854 FEDbuster
FEDbuster's picture

33:1 reverse split would get us back to 1913 "dollars".  Isn't it something that a one oz. silver dollar has held it's value since 1913, while a paper dollar has lost 97%?

Fri, 12/24/2010 - 13:07 | 828069 FoodTiger
FoodTiger's picture

PARIS, Dec 22, 2010

World Bank President Robert Zoellick reaffirmed his proposal to use gold as a "reference point" to reform the current international monetary system on Wednesday in Paris.

Fri, 12/24/2010 - 13:23 | 828099 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Gold has always acted as a reference point, this is merely smart wordplay by the Globalist/Fascist Banker.  What is stored as a reserve at every Central Bank?  What is stored as a reserve by all Major Banks?  What is then used to start and facilitate the fractional reserve lending scheme?  Gold is the reference point, although manipulated, for the financial system as a whole.

Fri, 12/24/2010 - 14:13 | 828169 chopper read
chopper read's picture

"The best way to control the opposition is to lead it ourselves." - Vladimir Lenin

Fri, 12/24/2010 - 14:41 | 828204 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

And all it takes to formalize a power structure is for people to pledge blind hope and faith to it.  Complacency is such a shame.

Fri, 12/24/2010 - 15:51 | 828358 SWRichmond
SWRichmond's picture

"After the revolution, the satrapy will work for us."

Fri, 12/24/2010 - 20:00 | 828830 MobBarley
MobBarley's picture

My sincere apologies to all true believers beforehand, however


"The best way to control the wikileaks is to lead it ourselves." - Vladimir Lenin


My recomendation is that you intone the above sentence in the voice of Herr Doctor Henry Kissinger.


Sat, 12/25/2010 - 02:06 | 829308 nabi
nabi's picture


Sat, 12/25/2010 - 15:02 | 829861 bigfootmm
bigfootmm's picture

"What is stored as a reserve by all Major Banks?"

What is stored at all Major Banks? You are saying gold? More like dust and shelving.

Fri, 12/24/2010 - 14:14 | 828171 merehuman
merehuman's picture

Hard, fast and now! She spoke those words in the heat of passion. Now i am soft, slow and ..i forgot

Fri, 12/24/2010 - 14:28 | 828191 DoChenRollingBearing
DoChenRollingBearing's picture

:)  :)  

Merry Christmas to you and EVERYONE here at ZeroHedge!

Fri, 12/24/2010 - 14:34 | 828198 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Right back 'atcha.

Fri, 12/24/2010 - 18:17 | 828656 merehuman
merehuman's picture

And remember me in your will!  Lol

A big thank you to you all. You all combined to give me a picture of the real world which in turn has been verbally parleayed to many in my small community. Its a fair bet to say you all have saved some lives as more are prepared for the uncertain but certainly more negative future.  It may seem like nothing to you but means a lot to them that wont go hungry. Again, Thank you.

Sat, 12/25/2010 - 02:12 | 829317 e_goldstein
e_goldstein's picture

merry christmas to you, too.

Fri, 12/24/2010 - 14:37 | 828202 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Muse ain't no tease!

Fri, 12/24/2010 - 15:29 | 828305 Jendrzejczyk
Jendrzejczyk's picture

....laid up on the couch with a bad back?

Fri, 12/24/2010 - 13:09 | 828073 Rick64
Rick64's picture

 Two commissioners of the CFTC. They helped create the problem and now they will help fix it?

  Gary Gensler spent 18 years at Goldman Sachs, making partner when he was 30. Gensler advocated the passage of the Commodity Futures Modernization Act of 2000, which exempted credit default swaps and other derivatives from regulation.

 Jill E. Sommers worked in the Government Affairs Office of the Chicago Mercantile Exchange (CME), where she was instrumental in overseeing regulatory and legislative affairs for the exchange. During her tenure with the CME, she had the opportunity to work closely with congressional staff drafting the Commodity Futures Modernization Act of 2000.

Fri, 12/24/2010 - 13:26 | 828106 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Yeah, problem, reaction, solution at its dirtiest.

Fri, 12/24/2010 - 13:59 | 828147 TheJudge2012
TheJudge2012's picture

Makes me wonder more why Ted Butler says Gensler walks on water.

Fri, 12/24/2010 - 14:32 | 828194 Twindrives
Twindrives's picture

Jill E. Sommers huh?   Another corrupt bitch like Blythe Morgan.  And the other corrupt bitch Barack Obama.

Sat, 12/25/2010 - 07:09 | 829466 ViewfromUnderth...
ViewfromUndertheBridge's picture

Remember Brooksley Born, head of the CFTC until she wanted to regulate derivatives....rolled by Greenspan, replaced by Gary Gensler, deputy Treasury secretary under Rubin...all just so incestuous...but, Greenspan admitted he was wrong so there is hope that anyone elected promising change would revisit some of the biggest mistakes...and sack Gensler.



Fri, 12/24/2010 - 13:12 | 828075 cosmictrainwreck
cosmictrainwreck's picture

Well I know "price means nothing" b-b-b-but just curious when will we start seeing surge in spot prices?

Fri, 12/24/2010 - 13:20 | 828092 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

September '10, but if you mean from here on out, well, with massive support pu in at the $27-$29 range silver willonly go up from here.  A move to $36 is in the cards and that should only take a few weeks.  The following moves will make investors blush and ask, 'Why?' until their heads hurt.

Fri, 12/24/2010 - 13:25 | 828105 LiquidBrick
LiquidBrick's picture

 b-b-b-but just curious when will we start seeing surge in spot prices?

Curious or clueless? You just lost 50% in gains by asking this question today instead of buying silver at or below $20 90 days ago.  The bread line is thataway!      --------------------------- >

Fri, 12/24/2010 - 13:41 | 828126 cosmictrainwreck
cosmictrainwreck's picture

hey, asshole, you have no fucking clue how much physical or paper I own, or when and when & at what price I bought it. I've done OK, if you must know. I was merely looking for people smarter than me to speculate on timing and magnitude of future trends based on this new information. i was trying to ask it in a semi-humorous way........... my bad, I 'fess

Fri, 12/24/2010 - 14:58 | 828234 blunderdog
blunderdog's picture

I say 1/11/11.

Looks like a cool date.

Fri, 12/24/2010 - 15:05 | 828244 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Freeman, is that you?

Fri, 12/24/2010 - 17:57 | 828602 buzlightening
buzlightening's picture

hehehehehehe! Doubt with physical silver anyone will stand in a bread line but a very funny point!!

Fri, 12/24/2010 - 15:48 | 828349 IQ 145
IQ 145's picture

 Perhaps it would be just as well if I remind you that "Cartoon bears" are not considered a "source of information" by sane people.

Fri, 12/24/2010 - 17:59 | 828607 StychoKiller
StychoKiller's picture

Do "sane" people get their info from the MSM?  They sure aren't finding it in dying newspapers!

Fri, 12/24/2010 - 18:12 | 828636 DoChenRollingBearing
DoChenRollingBearing's picture

No junk from me IQ!  I thought your comment was funny!

Those bears are probably right though...

Fri, 12/24/2010 - 13:13 | 828076 Temporalist
Temporalist's picture

"Shitstorm" bitchez!

Fri, 12/24/2010 - 13:13 | 828077 Fake Jim Quinn
Fake Jim Quinn's picture

I'm long a lot of silver and othe PMs. But it bothers me when the same guys in video #1 told you exactly what site to go and buy silver, claiming it would go to $500/oz are now back, claiming an "anonymous trader" with complex conspiracy theories. And the video says "price does not matter". I have a problem with a silver retailer who is sure silver is going to $500/oz but seems to want to sell everyone the silver they bought at $29.

Name the source, and the Commissioners on the payroll. Then we can rock. Otherwise this is as credible as any stupid Internet rumor.

Fri, 12/24/2010 - 13:17 | 828086 bankrupt JPM bu...
bankrupt JPM buy silver's picture

Well, vid #2 does NOT say any site, so whats their gain?  Plus the site is locked down for maintenance....NEXT!

Fri, 12/24/2010 - 13:25 | 828101 Fake Jim Quinn
Fake Jim Quinn's picture


Just curious -- do you accept this video as gospel, and have you considered that the poster, who put time and effort into it, may have a motive unto themselves.

Fri, 12/24/2010 - 13:34 | 828113 dark pools of soros
dark pools of soros's picture

everyone has a motive.. do you live in utopia??  even smurfs had motives


choose your side and keep it moving

Fri, 12/24/2010 - 19:24 | 828761 Temporalist
Temporalist's picture


Fri, 12/24/2010 - 13:44 | 828129 bankrupt JPM bu...
bankrupt JPM buy silver's picture

thats my video <awkward>

Fri, 12/24/2010 - 16:22 | 828424 zero-g
zero-g's picture

Thanks for the vid.

The info makes alot of stuff fit together so much better.

Fri, 12/24/2010 - 18:25 | 828672 merehuman
merehuman's picture

The masses are to pot it kindly.."uninformed" semi drugged, undereducated, too selfinterested and intentionally misled. Without a fight, car chase or sex much of the audience is unreachable. Since its partly by design, waiting for them to "wake up" is not an option.

Cartoon will clue anyone under 13 and over 65. It helps but we need a stronger effort to mobilize the masses.

Fri, 12/24/2010 - 19:02 | 828732 Drag Racer
Drag Racer's picture

you do realize that an auto insurance company made a spoof on this video and in 15 minutes or less used the same voice as one of these bears...

Fri, 12/24/2010 - 14:07 | 828158 Bearster
Bearster's picture


The conspiracy theorists keep claiming to have "proof", but spend a whole lot of time quoting anonymous sources, speculating about what the only possible explanation is, specious claims (silver is not in backwardation if you define it properly).  Shortages of coins at retail != shortage of metal itself.

The above is *NOT* to say that silver isn't going up!  I am long plenty of silver, but for much simpler reasons.  The central banks are printing unlimited quantities of paper and gold and silver are the only havens, which will become especially obvious once the stock market breaks down and as we see non-Treasury bond markets break down.  We may have a few more hurrahs in UST's but paper currencies are going to zero.  The accumulated debt is far too high to have any hope it could ever be paid off.

As to this video's assertion that the CFTC is our last hope, there has never been a case in history where a government's attempt to coerce a market into being free has ever worked.  Several reasons include: (1) government does not have enough information, (2) government employees are not necessarily honest, (3) every rule causes a distortion which some players exploit and lobby for which leads to more rules, etc. (4) you cannot fix the problem of a flat tire by mandating tire pressure limits for the other tires.

In other words: end the damned Fed, repeal the legal tender laws, let people use gold and silver (and peanut shells if that's what they want), and end Too Big To Fail!  Without a central bank and the manipulations that only it can enable including selling massive quantities at a loss, without laws to protect the politically anointed classes from us (and from the rule of law), without a mechanism for bad businesses to fail and their investors take losses, without a sound currency, etc., it's all meaningless.

The CFTC is part of the problem, not the solution.  And even if wanted, it could not fix the problem.


Fri, 12/24/2010 - 14:16 | 828174 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

You refute nothing but claim otherwise.  What do you disagree about?  Be specific.

Fri, 12/24/2010 - 14:39 | 828200 Fake Jim Quinn
Fake Jim Quinn's picture

The onus is on the reporter to substantiate facts, not the reader.

I am making a video, which no one can refute, that says an anonymous doctor at Cornell Media Center is certain all remaining gold supplies in Africa have been handled by subterranean monkeys, and a new form of AIDS, which is now transmittable by touch, has contimated the remaining buried gold ore. I've erected a new site which you can buy my gold for $1400/oz, even though I know that with no gold supplies left gold will be $1MM/oz.


Fri, 12/24/2010 - 14:45 | 828213 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

What I ask is simple:  What do you disagree with specifically?  It is up to you to back up your opionion if you post.  Do not try to put responsibility on the video if you yourself can not formulate an antithesis.

Fri, 12/24/2010 - 18:45 | 828703 Poofter Priest
Poofter Priest's picture

I'll field this one.


I disagree with posting volitile information that will make people run out and spend money due to conspiracies based upon 'un-named' sources.

No different than anyone else pumping an agenda.

And they did include the impression that this is part of wikileaks....which has yet to materialize.


It is a good point to make on a regular basis. Where are the 'facts' Jack?

Fri, 12/24/2010 - 19:25 | 828764 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

The short position is far greater than the amount of silver on the COMEX market. 

Sat, 12/25/2010 - 15:17 | 829869 bigfootmm
bigfootmm's picture

Mr. Hendrix makes bold prediction after prediction with exact dates and prices for all to see. He is always wrong. One has to wonder why he persists with a record exactly like Bernanke's?

Fri, 12/24/2010 - 14:24 | 828183 merehuman
merehuman's picture

It costs 500-600USD to mine and refine gold.

Silver @ 400.00 or less is a steal in my view. Only reason cost of production is so low now is due to silver being a byproduct of other resource mining.

Strikes me cost of mining silver should be part basis of its worth.

How important it is industrially

How rare silver is in comparison

How desired it is as store of value.


Fri, 12/24/2010 - 15:24 | 828293 ZeroPower
ZeroPower's picture

I've recently changed my anti-gold-bug thesis and support gold and silver moves higher, however, silver can't trade at 400oz (at least not yet) as there is simply more of the metal abundant in nature than there is gold.

Fri, 12/24/2010 - 15:42 | 828332 breezer1
breezer1's picture

what about that tulip thing a while back? wasn't that something.

Fri, 12/24/2010 - 17:30 | 828538 Sean7k
Sean7k's picture

Not a useful example. Tulips are neither durable, rare or have a history as money. 

Sat, 12/25/2010 - 03:26 | 829372 Hook Line and S...
Hook Line and Sphincter's picture

Tu-lips on your organ has a history of costing money.

Fri, 12/24/2010 - 19:34 | 828785 Temporalist
Temporalist's picture

ZP while it may be true that silver accurs more readily in nature, the easily accessed deposits, that is those close to the surface, have been found and mined or are presently being mined and because the price was so low for so long very few new mines went into operation for decades which would have not been the case with a higher price.  As a result of depleting physical supplies from little mining and increased industrial demand many sources now say there is less physical stock available than gold.  Plus the demand is only increasing with new applications being found all the time and silver's amazing properties are still being discovered.

So while what you say is true it could take many years for the stockpiles of Ag to Au to normalize into what most would think is the "normal" ratio.

This information is from what I have read and from industry analysts; I suggest searching it out for yourself.  I cannot say conclusively that it is true however I am in the "less available silver than gold" camp because of the arguments that have been made supporting that claim.

Sat, 12/25/2010 - 14:55 | 829858 ZeroPower
ZeroPower's picture

Thank you for the relevant information, as well to to darkaeye below me.

Fri, 12/24/2010 - 20:36 | 828886 darkaeye
darkaeye's picture

True enough ZeroP.  Geologically speaking, the ratio of silver to gold in the earth's crust is about 16:1

So, using that ratio and a gold price of $1400, silver should be $87.50/Toz, about 3 times the going price.  Considering the current scarcity of above-ground silver, $400 is well within the realm of imaginable possibility.  

Fri, 12/24/2010 - 15:40 | 828330 breezer1
breezer1's picture

i saw a rumor somewhere on the net a while back that said the us was bankrupt. i want to see the proof ,not just a bunch of numbers.

Fri, 12/24/2010 - 16:09 | 828397 SheepDog-One
Fri, 12/24/2010 - 17:33 | 828553 Sean7k
Sean7k's picture

If you haven't figured this out yet, I'm not sure "proof" will help. Usually, when debts exceed a government's ability to pay it is considered bankrupt. While most businesses can't force you accept money it prints itself, the concept still applies. The numbers are out there- do your homework ( and don't forget unfunded liabilities). 

Fri, 12/24/2010 - 18:00 | 828608 cosmictrainwreck
cosmictrainwreck's picture

LMAO.thanks breezer, I needed one. can't believe those guys knee-jerked to straighten yer ass out. love the tulip thing, too

Fri, 12/24/2010 - 13:13 | 828080 Caviar Emptor
Caviar Emptor's picture

Central bankers hate gold. It's their conscience. It's there to keep them honest. And they don't like that. 

Fri, 12/24/2010 - 13:16 | 828085 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

What you hate, you love.  The difference between the two emotions is not.

Fri, 12/24/2010 - 13:41 | 828127 oddjob
oddjob's picture

hence the term 'Golden handcuffs'.

Fri, 12/24/2010 - 13:14 | 828081 Titus
Titus's picture

Great info as always! I could do without the sound effects though, they just encourage my subconscious to loosen my own bowels.

Fri, 12/24/2010 - 13:18 | 828091 truont
truont's picture


Fri, 12/24/2010 - 13:20 | 828093 Xibalba
Xibalba's picture

Bart Chilton was on cNbc the other night saying pos. limits wouldn't be implemented until 2012 at the earliest. Gensler got a good Xmas present from JPM I'm sure.

Fri, 12/24/2010 - 13:21 | 828096 Clapham Junction
Clapham Junction's picture

So, where was all this info when silver was $6? Why does this stuff come out when prices hit highs?

This reminds me a little of "the world is running out of oil" when the price was $140.

Please, guys-this is not a troll post.

Let me know.



Fri, 12/24/2010 - 13:37 | 828121 dark pools of soros
dark pools of soros's picture

because they are selling all their silver they got when it was $6..  once you own it all you can make cartoons and sell it for $70 then $300 for the next guy


i already took half my silver from feb and traded for gold and some cash..  if silver dives I'll buy back.. if it soars I'll sell/trade the rest

Fri, 12/24/2010 - 14:05 | 828155 fuu
fuu's picture

Nice post.

Fri, 12/24/2010 - 14:10 | 828165 bankrupt JPM bu...
bankrupt JPM buy silver's picture

"i already took half my silver from feb and traded for gold and some cash"

So what you are saying is, you missed the 100% run from $15-30 from feb-today, and you only made 20% in gold, and you actually lost another 20% being in trade!

Fri, 12/24/2010 - 16:07 | 828386 dark pools of soros
dark pools of soros's picture

no its not what i said.. but feel free to try to make up shit to seem smart or another feel dumb


no - what the language that you fail to comprehend means is that I used the silver that i BOUGHT in feb and RECENTLY traded for gold and some cash


of course everyone will find flaws with that too just to attack aimlessly on here



Fri, 12/24/2010 - 15:26 | 828296 ZeroPower
ZeroPower's picture

But by that same logic, wouldn't buying gold be counter intuitive as it is close to its highs as well?

Fri, 12/24/2010 - 16:17 | 828411 dark pools of soros
dark pools of soros's picture

if you think they will stay in lockstep from here...  but that hasn't been the case and I rather hedge more towards gold long term

i have been buying gold as well just not selling it at this time

Fri, 12/24/2010 - 14:02 | 828150 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Every generation has their myths.  Right now we have amateur video.  A century ago there was Dorothy and her silver slippers.

Fri, 12/24/2010 - 14:49 | 828218 gmrpeabody
gmrpeabody's picture

I thought they were ruby slippers.

Fri, 12/24/2010 - 14:54 | 828228 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Red shows up better on technicolor.

Fri, 12/24/2010 - 15:10 | 828260 Temporalist
Sat, 12/25/2010 - 01:01 | 829249 OldPhart
OldPhart's picture

Thanks for the link Temporalist...very informative.  But I'm still buying silver just cause I like it.

Fri, 12/24/2010 - 15:27 | 828302 IQ 145
IQ 145's picture

 The price of silver is "held down"; that's how it went from $4.35 / oz. to $30 /oz. by being "held down". Absolutely hilarious; you might as well discuss your flat earth theory at the same time.

Fri, 12/24/2010 - 15:42 | 828331 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Silver is cheap and is drastically manipulated.  You do not believe silver was being "held down" at $5/oz?  Do you not think $30 is cheap?  I do.

Fri, 12/24/2010 - 16:22 | 828422 IQ 145
IQ 145's picture

 It doesn't matter what I believe; there's no mechanism for holding down the price; Neither any aspect of the operation of the Comex, nor of the LBMA. nor the two in conjunction provide a mechanism, or method, by which the price can be held down. The breathtaking fast paced story you like is a confabulation; once more; for every short there is a long. Meditate on this is necessary. The price is set by peoples decision to buy or sell on a daily basis; if the psychology remains similar to what it is now, the price could double easily; but if they psychology changes, becomes more optimistic, or "trusting"; the price could start down again.  The price itself doesn't strike me as being "high"; no; but it is only maintained by people who are buyers; what people are going to do in the next few months, or next year, remains to be seen; I don't know.

Fri, 12/24/2010 - 16:53 | 828479 JLee2027
JLee2027's picture

It doesn't matter what I believe; there's no mechanism for holding down the price; N

ROTFLMOA!!!!! mechanism at all. And the Earth is flat too!

Fri, 12/24/2010 - 20:11 | 828845 Haywood Jablowme
Haywood Jablowme's picture

It doesn't matter what I believe; there's no mechanism for holding down the price; N...

What a great way to start off christmas eve -

Hello?  McFly?  Is anybody home?  haha LMFAO.


Fri, 12/24/2010 - 17:32 | 828544 goldsaver
goldsaver's picture

Hey 145! Had not seen you in a while.

So, if I offer to sell March silver at lets say $25, that contract wouldn't bring the price of silver down? Even if I held 40% of all the short contracts? And if my buddies at HBSC, or as some suspect, PBoC held the other side of the trade, and were willing to take Benny Bux instead of physical, couldn't I force the price down?

Your error is that you assume the spot is determined by the demand in physical. It is not. Spot comes from the paper contract demand (or lack thereof). Physical price is spot plus premiums (Ebay been the best representative of market prices).

That is why it would be "smart" of you to purchase at the artificial price. But of course, a superior intellect such as yourself already knew this.

Fri, 12/24/2010 - 18:20 | 828661 DoChenRollingBearing
DoChenRollingBearing's picture (don't forget the "h" in the name) has a handy eBay connection (bottom of their home page) showing current offers on 1 oz Gold Eagles vs. current market price (also showing premium over spot), etc.

It is a good site.

Fri, 12/24/2010 - 19:46 | 828805 Temporalist
Temporalist's picture

Silver Market Update

"The recent outperformance of silver relative to gold may be in part due to J P Morgan being "hauled over the coals" re its huge silver short position. If they decide to finally "throw in the towel" we could see a really dramatic spike in silver soon, which will of course be highly amusing to those who are not exactly friends of this company."


Gold market update

Fri, 12/24/2010 - 17:31 | 828546 ViewfromUnderth...
ViewfromUndertheBridge's picture

More buyers than sellers huh? Thanks.

Fri, 12/24/2010 - 18:07 | 828562 Advoc8tr
Advoc8tr's picture

For every long there is a short ...... problem is their ability to naked short until the cows come home. Every time an individual goes long the house creates a naked short to cover it giving the "impression" that there are counter parties who want to sell metal that actually exists? It is the same as FIAT currency. How many average Joes are even aware that money is created (inflated) continuously. They think there is a fixed pool of cash that goes around and around just as you think there is a fixed pool of paper silver (that reflects the physical supply) that goes around and around. It seems utterly intuitive that if all/many/some of the "sales" are naked i.e fictitious then the supply / demand price is artificially low when considering the true metric of supply/demand of actual, hold it in your hand physical metal. 

Sat, 12/25/2010 - 12:53 | 829757 Katharotes
Katharotes's picture

@IQ 145



Sat, 12/25/2010 - 13:00 | 829765 cpgone
cpgone's picture

Jeff Christian who actually knows testifies about the 100 to 1 paper to silver.

I guess you missed buying it lower and want to feel better.

Did it ever cross your 145 mind that the other partner to the short was another

colluding crook who can go BK and or share in the "rewards" of  the short.

Fri, 12/24/2010 - 16:53 | 828476 JLee2027
JLee2027's picture

$30 is very cheap.

Gotta love folks with handles like Honest Abe or Never Tell A Lie, because it's a tell tale that they are when somebody's handle is IQ 145.....LOL.

Fri, 12/24/2010 - 18:10 | 828633 Advoc8tr
Advoc8tr's picture

Paper Silver, Paper Money and Paper IQ Test ... it is all fictitious

Fri, 12/24/2010 - 20:09 | 828837 Temporalist
Temporalist's picture

Probably a decimal point missing in that 14.5...

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