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The JP Morgue Whistleblowers Are Back
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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http://www.gutenberg.org/etext/19447
Now that is the ultimate conspiracy theory. I like it. And yes, the
internet is an unforseen "inconvenience" for such a scheme. Not an
insurmountable one though.
Charade of world depression....well of COURSE its all a charade! Designed to impoverish the people so theyll accept a 1 world govt, 1 world currency.
Really you dont need any more analysis than that. Its all planned to bring the most hardship and pain on people so they will comply.
Mining Stocks Explained http://www.youtube.com/watch?v=z2F50CamWlQ
The Silver ETF Exposed http://www.youtube.com/user/BrotherJohnF?feature=mhum
Hey
wood
Jablome?
Where you at?
http://rlv.zcache.com/my_name_is_haywood_jablome_tshirt-p235659397566503...
silver stocking stuffer for the gals. buy her some coins rather than earrings. she'll be pissed, until next christmas, or sooner.
http://www.bringlotsofcookies.blogspot.com/
can that be true ...can they CON a big country like INdia....it always makes u wonder why the crooks in the IMF will sell so much gold when they the IMPORTANCE of Gold in the coming years..........
The IMF sold Gold plated tungsten bars to India ?!?!?!
http://www.youtube.com/watch?v=M0-hGHJSgNA
Fuck India you stupid douche. Go post some important India trivia on a bollywood blog, ok? Your fellow slumdogs will love your comments.
What is wrong with you? First of all the avatar looks American Indian to me Not Continental Indian and secondly what has that got to do with anything? You are Tarzan all right .... primitive jungle dweller that behaves like an animal.
yeah, he's definitely in a pissy mood today. PMS?
The face of evil.
Occupation Commissioner Employer Commodity Futures Trading Commission Location Washington, D.C., USA Web site www.cftc.govJill E. Sommers is one of five commissioners of the US Commodity Futures Trading Commission (CFTC), and chairs its Global Markets Advisory Committee.
Background
Jill Sommers was sworn in as a CFTC commissioner in August 2007. Her first term expired in mid-April of 2009. President Barack Obama nominated Sommers for a second term in late July of 2009.[1]
She has worked in the commodity futures and options industry in a variety of capacities throughout her career. In 2005, Sommers was the policy director and head of government affairs for the International Swaps and Derivatives Association, where she worked on a number of over-the-counter derivatives issues.
Now maybe everyone will understand why Dave awarded Bart Chilton, CFTC Commissioner, the websites "person of the year" award for special recognition in the extend and pretend category.
http://tradewithdave.com/?p=4331
While I agree with the sentiments of the video and I imagine one of the few even on this website to have taken delivery on Comex and moved it out of their warehouse. It is not true that there is backwardation in LBE silver, nor Dec/Mar Comex.
I do find worrisome Chilton's comments about not having to cover until 2012, leaves a lot of time to play with the market.
Love it...looking forward to #3
"you better look up "normalcy bias""
As far as equities we are really at a point where a correction is badly needed...I know, I know...RobotTrader is also correct that the tape is strong, but if this dominant underlying bull trend in equities that this strong tape is based on does not at least briefly correct from the extreme sentimental levels, the underlying horrible fundamentals that the dominant trend is based on will eventually walk off a cliff and even POMO won't stop it...in other words, reflexivity is bringing the gap between perception & reality to more extreme levels, risk is increasing, and its time to at least hedge any long exposure....
Are equities about to walk off a cliff? see my post here: http://exploitthemarket.com/blog/319/are-equities-about-to-walk-off-a-cl...
http://standfordelivery.com/stand.php
4 days to go, only 160,000 ounces pledged. NOT ENOUGH, PEOPLE!
Buy Silver.
IMO - One would do well to consider the Daily Bell piece posted above by Manipulism.
As always, the question is power, who has it and how they intend to keep it; who wants it and how they intend to get it.
Again, IMO, the Anglo-American power elite have the the power (or, at the very least, believe they have the power) to lower the living standards of the world by, say, 30% world wide, if they feel it will further their agenda of control. Is this what they are up to?
Just look around you. The laid off or part-time fellow employees at work, those still employed with the black rings around their eyes from the daily stress of over work and an uncertain future; the brother in law who just lost his hi-tech job of the last 15 years and is about to let the house "go"; the ever increasing number of "beggars" with their card board signs at street corners; the houses in your area that have stood empty for month after month with "For Sale" signs in front of them (or the empty McMansions with no "For Sale" signs so as not to draw attention to the decline in the "nice" neighborhood); the rape of Russia after the fall of the Berlin Wall; the absolute denial of and unwillingness to even address by almost everyone the issue of the economic decline going on around us; the false image of happiness and prosperity that exists nowhere on earth but in the MSM; etc, etc etc.
What's really going on here?
And what do you intend to do about?
Is their anything you can do about it?
Do the Oligarches always win?
Can the internet have any effect?
Is the cartoon leading this string, and others like it, a plant to throw you off the scent?
I wonder - - -
JP Morgue Talking Bears or CNBC Talking Heads. Ill take the Bears
VAT in the UK increasing from
17.5% to 20% next week.
The poor citizens will have to pay more for silver
Wonder if Bozo Eric Holder will start an investigation on these rogue bears?
Obama requires Bennie and the Debts to keep the lie going until the middle class in the U.S. is destroyed and the oligarchy controls everything. Holder will arrest the imaginary citizen terrorist of recent D.C. propaganda lore......... but not Obama's golden boys inside the beltway and on Wall Street.
I think that Big Sis has more "junk" than Holder. Going after a pilot for videos in open areas:
http://www.news10.net/news/article.aspx?storyid=113529&provider=top&cati...
The Ben Bernank Movie
http://www.xtranormal.com/watch/7933323/
This is an old article, but good advise on buying silver:
http://news.silverseek.com/GoldIsMoney/1177183323.php
http://www.coininfo.com/coin_dealers/
All this debate, ego flaunting, and personal attacks can go on and on...
But like sand through an hourglass--
The printing presses roll on and on, (By many gov'ts..)
History repeats itself..
Be safe ZHrs and Merry Christmas..!
That is one of my favorite pro PM arguments. Just look to history. Fiats disappear but gold and silver as money never leave they just fade and return when needed...kinda like superheros/patriots/freedom fighters.
Lindsey Willams on AJS 15 December 2010
Buzz Word 2 - from Lindsey Willams on Silver:
"Comex Silver Exchange have only $107 miljoen ounces on hand but have gave out obligations in Silver paper to the amount of $720 miljoen ounces of Silver."
Silver & Gold gonna explode in price says the elite.
Lindsey Williams Returns: Confessions of an Elitist - Alex Jones Tv 1/4
http://www.youtube.com/watch?v=_YYTa075NJg
Lindsey Williams Returns: Confessions of an Elitist - Alex Jones Tv 2/4
http://www.youtube.com/watch?v=638nMiYoUuU
[Lindsey Williams Returns: Confessions of an Elitist - Alex Jones Tv 3/4
http://www.youtube.com/watch?v=0CXi1C6v7Gw
Lindsey Williams Returns: Confessions of an Elitist - Alex Jones Tv 4/4
http://www.youtube.com/watch?v=7aw8-3J2t6Q
Willem Middelkoop: silver market to explode, 23 December 2010, (Ronnie Alt) (google trans from Dutch) http://tinyurl.com/36n9ya3
Did you watch the video? Those 107 million ounces are hot air.
I was surpsised when Williams mentioned silver, but maybe I should not have been. Silver is primed. Everyone knows it.
The guy had some good info, but the info he conveyed could have been said in 5-10 minutes instead of an hour. At the end Alex was trying to gently get him to stop rambling and spit it out, but to little effect. If he just delivered his message, that would have been a dynamite hour. Always good to have another source confirm what is going with silver.
I've tried talking to friends and family about the scenario he lays out, IE the collapse of the dollar and the attempt to foist one world currency. They all just get that blank look in their eyes, even dishing out hard evidence. But boy oh boy do they perk up when its time to talk about office politics and whats on TV. Intellectual curiousity has effectivly been destroyed in the majority of the US. As much as I wish it weren't so, we probably are really fucked.
TheJudge2012
on Fri, 12/24/2010 - 12:59
#828147
Makes me wonder more why Ted Butler says Gensler walks on water
I guess it was his job to do the son of gods work
Regards
Ozzy
P.S.
MERRY CHRISTMAS freethinkers!
Fuckin' A, this shit is GREAT! Thanks a ton of troy ounces!!
Great stuff! Not only an enjoyable watch of what we already know... but breaking news too.
What's not to like?
JP Morgan Covering Silver Short Position
December 14, 2010
http://inflation.us/jpmorgancoveringsilver.html
There were reports out today that JP Morgan has now admitted to having their massive naked short position in silver and is taking steps to reduce it. According to the Financial Times in London, "JPMorgan has quietly reduced a large position in the US silver futures market which had been at the centre of a controversy about its impact on global prices for the precious metal." According to a person familiar with the matter, "The decision by JPMorgan was an attempt to deflect public criticism of the bank’s dealings in silver." JP Morgan said in a statement, "It is absolutely incorrect to say or imply that the Nymex, CFTC or any other exchange or regulator has instructed or asked us to reduce our position."
NIA, along with the Gold Anti-Trust Action Committee (GATA), has been at the forefront of helping expose JP Morgan's silver price suppression scheme. Over a year ago on December 11th, 2009, NIA declared silver the best investment for the next decade at $17.40 per ounce. NIA said in its December 11th article, "It's not a coincidence that the day silver reached its multi-decade high of over $21 per ounce in March of 2008, was the same day Bear Stearns failed. Bear Stearns was a holder of a massive short position in silver."
NIA went on to say, "The reason why we believe the Federal Reserve was so eager to orchestrate a bailout of Bear Stearns, is because Bear Stearns was on the verge of being forced to cover their silver short position." NIA then said, "JP Morgan still holds the silver short position they inherited from Bear Stearns" and "JP Morgan will have to cover this short position or it could jeopardize their existence."
On February 5th, 2010, JP Morgan was successful at manipulating the price of silver down to below $15 per ounce. On February 7th, NIA wrote an article entitled, "NIA Bets Big on Silver Price Recovery" in which it said, "NIA is betting big that this past week's short-term decline in the paper price of silver was just a temporary wash out, before a huge surge in silver prices later in 2010. One of NIA's co-founders purchased on Friday, 1,300 January 2011 $20 SLV call options at a price of $0.89." These call options that NIA suggested went on to rise as much as 1,024% to a high this month of $10.
On March 25th, 2010, the CFTC held a hearing on position limits in precious metals. Bill Murphy of GATA (see NIA's video page for an interview we conducted with Mr. Murphy on Thursday) was allowed to speak (within a five-minute time constraint). Right at the beginning of Murphy's speech, there was a technical failure of the live television broadcast, which was mysteriously fixed as soon as he was done speaking. This did not stop Murphy, who was brave enough to present the evidence of Andrew Maguire, a former Goldman Sachs precious metals trader who on February 3rd became a whistleblower when he wrote to Eliud Ramirez, a senior investigator for the CFTC's Enforcement Division, giving him the "heads up" for a "manipulative event" signaled for February 5th. Maguire described to the CFTC in February 3rd emails, exactly what would happen on February 5th (which did occur exactly like predicted), yet the CFTC refused to take any action against JP Morgan or the other conspirators.
Murphy was scheduled for several mainstream media television interviews after the CFTC hearings, but they were all abruptly cancelled at once. In the weeks that followed, Murphy's car was stolen, his web site was hacked, and he was punched with brass knuckles and knocked out cold less than two blocks from his house. As for Maguire, a couple of days after the CFTC hearings, he and his wife were involved in a bizarre hit-and-run car accident in London where a second car coming out of a side street struck their vehicle. The hit-and-run suspect then hit two more vehicles when he desperately attempted to flee, which resulted in a police chase with helicopters. The suspect was nabbed, yet surprisingly, his name was never released and it was never made known if charges were filed.
On April 3rd, 2010, with silver at $17.89 per ounce, NIA wrote an article entitled, "Silver Short Squeeze Could Be Imminent". In this article, NIA said, "With the spotlight now on JP Morgan, NIA believes they will be less likely to naked short silver at these levels and manipulate the price down like in February. With the mainstream media blackout, it is important for NIA members to work harder than ever to spread the word and help expose what could be the largest fraud in the history of the world."
On May 13th, 2010, NIA released its critically acclaimed documentary 'Meltup', which featured our in-depth research on JP Morgan's silver price suppression scheme. Thanks to the help of tens of thousands of NIA members who worked tirelessly to spread the word about 'Meltup', nearly 1 million people saw the documentary and became educated to the truth about JP Morgan's silver manipulation. Without the hard work of NIA members, JP Morgan would have went on naked shorting silver for years and the topic would have never become mainstream.
In 'Meltup', NIA's President Gerard Adams stated, "The current gold/silver ratio of 64 wouldn't be possible unless silver prices were being held artificially low through manipulation. I don't believe it is possible for the silver that JP Morgan is short to be backed by physical silver. Most likely, JP Morgan has been naked shorting silver, by selling paper silver that doesn't physically exist." Since the release of 'Meltup', the gold/silver ratio has fallen by a shocking 27% down to 47. Within the next few years, NIA expects the gold/silver ratio to at least fall to 16, which will mean another three times increase in the purchasing power of those who own silver. In fact, because silver prices have been held artificially low for so long by JP Morgan's manipulation, there is a chance the gold/silver ratio will over swing to the downside and decline to 10 or lower this decade.
Throughout world history, there have been 46 billion ounces of silver produced compared to 5 billion ounces of gold. Although gold gets all of the headlines in the mainstream media, silver shares all of the same monetary qualities as gold. Based on historical production ratios, a gold/silver ratio of 10 down the road could certainly be realistic. In fact, considering that most of the silver ever produced has been consumed by manufacturing, a gold/silver ratio of much less than 10 is possible. Worldwide inventories of silver have declined 90% since 1940 from 10 billion ounces down to approximately 1 billion ounces today. NIA believes that a major shortage of physical silver is in the process of developing.
On September 9th, 2010, NIA released an article entitled, "Is JP Morgan's Silver Manipulation Over?". In this article, we discussed how JP Morgan was winding down their proprietary trading desks, which we felt were responsible for the silver manipulation. We stated that we were "hopeful but skeptical that the manipulation is coming to an end" and "cautiously optimistic at this time". Since September 9th, the price of silver has gained over 50% and is holding strong near $30 per ounce. There have been no noticeable manipulative takedown attempts by JP Morgan.
NIA estimates that over the past 30 days, JP Morgan has covered approximately 4,000 silver contracts, which has corresponded with about a $4 per ounce upward move in the price of silver. We estimate JP Morgan to still be short approximately 26,000 silver contracts or 130 million ounces of silver, which equals about 18% of worldwide annual silver production from mining of 709.6 million ounces. If JP Morgan covers their entire silver short position and the price of silver was to continue rising by $1 for every 1,000 silver contracts that JP Morgan covers, silver would rise to $56 per ounce.
JP Morgan appears to be covering its shorts in a very managed and orderly way. We are not yet seeing anything that resembles a short squeeze, although one could occur at any time. If we see a major silver shortage and a real short squeeze, silver could literally rise to hundreds of dollars per ounce overnight. Silver's all time high of $49.45 per ounce adjusted to the CPI equals $139 per ounce in today's dollars. As all NIA members know, the CPI understates inflation through geometric weighting and hedonics. The real inflation adjusted all time high for silver is over $400 per ounce.
With almost everybody who has ever purchased silver being up on silver in terms of dollars, it is possible we could see silver prices take a breather in the short-term. NIA is hoping for a short-term pullback, but with so many investors waiting to buy on dips, there is a chance that a large short-term pullback will never occur. NIA is very pleased that for the first time in many years, silver prices appear to be trading based on free market forces and not the manipulation of JP Morgan.
It is important to spread the word about NIA to as many people as possible, as quickly as possible, if you want America to survive hyperinflation. Please tell everybody you know to become members of NIA for free!
Posted this yesterday on a dormant thread, thought it worth repeating:
SAN FRANCISCO (MarketWatch) — Chile’s giant Collahuasi copper mine, the world’s third largest, has halted shipments indefinitely following an accident at the mine’s ore shipping terminal.
Mine officials said the mishap had not affected Collahuasi’s actual mining operations, but that they are scrambling to find some other way to ship stockpiled copper concentrate from the facility after a shiploader at the Punta Patache port collapsed, reportedly killing three workers. They said they did not know how long shipments would be suspended. Separately, a port official told Reuters it could take at least a month to repair the damaged loading station.
http://goo.gl/Qj9jD
Imagine being LUCKY enough to be long 90% of the LME copper when this happens!! Is this Casino Royale or what?
good post, Bastiat. I put nothing past these banksters. killing is their business, and business is good.
This is history we are watching here,this house of cards is built on sand and from where I,m standing the whole show is gonna blow skyward pretty soon.Silver is becoming the achilles heal of the whole financial system and as fiat becomes increasingly worthless the power of the Fed and the central banks to control and manipulate the world economic system becomes weaker everyday.The current price of Silver at just over $29 an oz is going to look like sweet FA pretty soon as more and more people switch on to the fact that standards of wealth written in stone that have lasted throughout their lifetimes are going to be ripped up and swept away and in the ensuing rush to gain PM,s the crash we are going to see is going to be like nothing we have seen before.All this shit is heading for a financial armageddon,and when this happens its going to happen fast,within a few days physical is going to become unobtainable as people realise that the price will be shooting up so fast they can,t afford to take the risk of selling.The current situation can,t carry on much longer before the roof comes off.We also have to remember the day will arrive soon when JPM can no longer afford to manipulate Gold and Silver prices anymore as the losses will be too catastrophic as they will not be able to purchase the physical to cover those losses,everytime they have to buy physical the price in turn increases again,which means more people buy and ad finitum,I wouldn,t mind betting this day has probably come and gone recently and they are now praying for a miracle.
Let me see if I got this right, please correct me if I am wrong. The Chinese out foxed the FED. If the FED allows the dollar to weaken then the price of silver and I guess gold goes higher. If the Chinese tell JPM to jump in the lake, your FED is doing this then JPM, I assume with the FED's help have to cover the shorts. 100 million ounces with 700 million ounces spoken for(I think that's the right numbers?). So, 600 million ounces times who knows what $500/ounces equals 300 billion to cover. That will hurt especially because it will weaken the dollar and you get nothing for it.
The Fed exported inflation to China. Current inflation over there is a guess because they manipulate stats, even more than we do, but 20-30% annual currently might be right. They will be first to enter hyperinflation.
That's why the Asian rush is on to Gold and Silver.....
It's good that we have something to export!
The real problem is the fact that the $ and other fiat will weaken so fast that there will be a rush to get rid of it forcing the physical price higher and higher,once it starts how is it going to be stopped because if you are not quick enough to get rid of fiat you will be out of the game.
Hi,
Anyone knows how to get good deals on silver utensils, bowls, drink cups, plates etc? I'm very interested because the trace silver cation from these silver products will kill bacteria and virus in the food.
A search on the web indicates that the best sterling silver (0.925) are made by Jewish silversmiths for religious or semi-religious purposes, and the prices are about twice the spot. For example, see kiddush cups at http://www.silverheaven.com. Or the mint Julep cups from Empire Silver, http://www.silversuperstore.com/holloware/sterling_silver_mint_julep_cups.html
I don't know if twice the spot price is a good deal. Maybe that's reasonable because a lot of labor is involved
Any other ideas?
I'm assuming you are serious.
Silverware is not a good investment idea. The reasons are obvious.
Buy coins.
I agree most of the money should be spent on bullions. However, it might just be a good idea to buy a silver cup and a silver bowl for self use. Silver sterilizes the food and drink. Who knows, when the poop hits the fan we probably have a hard time to get clean drinking water
OK, I'll bite.
You've got an iron cross as your avatar and you've just directed me to a site that sells silver menorahs. After laughing my ass off at my own stupidity, it dawned on me that I needed another drink.
How about boiling the water in a cheap sauce pan, if TSHF?
BTW, silver sterilizes nothing by itself in day to day use.
Party on .........
Well, I was searching for silver daily use products online, and to my surprise, the only people who appear to make such things in large quantity are some workshops in Brooklyn, New York. Have nothing against the Jewish folks. The iron cross is the curved post-war NATO version.
Now, before the SHTF, I need to bury some bullions under a tree in the yard. Which is a lot of trouble. I wish they could make dumbbells with silver and paint them blue. You can leave them by a treadmill and no one will steal them
You have Blythe's daily use product here:
http://www.silver500.org/
If you're serious... there's better alternatives. Using silverware may attract unwanted attention and not make full contact with the food/liquids.
Assuming you have already filtered out the dirt clods and cow shit:
Just a trace amount of household bleach (sml drop or two) per gallon water in capped plastic jug will sterilize the water for drinking. Just mix and let it sit to do it's thing a bit and it's good to go. After that, it'll keep almost indefinitely. Bleach is the 3rd world purification system. Dilute amounts of bleach (teas/gal) are also good for dressing/packing dirty wounds, wiping down dishes, sterilizing/wipe down of surgery tables, counter tops, hands, etc. Very little will go a long way.
You must have bleach in your repertoire.
Vinegar and Baking Soda are also indispensable -- a mild acid and a mild base, used for myriad things.
There's also 3rd world water straws available for about $5/ea that are pretty cool. They filter out sediment and bacteria 99+% and makes virtually any water safe to drink (does not filter salt in saltwater). You just carry them with you and reuse them, almost forever it seems (year+) The third worlders actually use them on mud puddles whenever they get thirsty along the road. Good for uncertain tap or river water too. Problem: They usually come by the case. They are designed for disasters like Haiti, or extreme third world, but might can find smaller packs. I'd be shocked if the extreme outdoorsmen market didn't use them by now.
But the real short cut, McGyver, is to just marry a hot Mormon girl. They already seem to know all about this shit. They're trained to take their empty gal bleach bottles and run tap water in them without rinsing the last bits of bleach out, and just store the bottled water that way with their emergency disaster supplies. They are nurturers.
But the real short cut, McGyver, is to just marry a hot Mormon girl. They already seem to know all about this shit. They're trained to take their empty gal bleach bottles and run tap water in them without rinsing the last bits of bleach out, and just store the bottled water that way with their emergency disaster supplies. They are nurturers.
wow, marrying two or three of them would be even better!
I could think of several other ways
1) buy activated carbon and pack it into a plastic filter cartridge. 4 lb of activated carbon can filterr 1000 gal of water, removes all particles, bacteria, organic pollutants, heavy metals, cost: $50.00
2) In disaster areas, red cross drops pills (1pill + 5 gal of water) into water to make it drinkable, don't know where to get them
3) Buy a cheap plastic reverse osmosis system ($30-60) apply pressure with a bicycle pump. Only need to replace a small membrane once awhile, removes bacteria but only dilutes chemical pollutants
4) Filter the water with a large barrel of sand. Need to pre-rinse the sand with water before the SHTF
Maybe drop a silver coin and shake it before drinking? Milk can be kept at room temperature for a week in a silver container. Thats how good silver is
clorox bleach, couple drops/gal, wait like 24 hours
verify...
then verify with someone else...
and verify again
Flatulence aside, the Tranny Bear has the attractive perspective: We love this end of the world stuff. Yet, Ahmeexnal has his knives properly sharpened: Hoarding yer PM's and confounding the gubmint is not a serious play. Sure, like Pinnion says, you'll need a small army to defend your farm. True enough, IMO. Which suggests, perhaps, to the PM hoarders that LEAD, and not gold or silver, would be the PM to stockpile. Along with plastic for your hoop houses.
If you've made an investment in gold/silver then you better have
made one in lead if you want to keep the former.
you can fend off some thieves and mobs with your lead. However, if the big bro decided to turn against you, then you are no match. the fancy tools in their arsenal guarantees their victory over you without casualty. To name a few, remote-controlled machine-gun shooting robots; debilitating gas, drones
unless you have a plan to run and hide in the remote wilderness until the dust settles.
Love dem bears
Time to double my physical again
My question is: if things are so bad for jpm, why doesn't its share price reflect signs of significant and impending losses?
Greatest Depression is coming.
WARNING! (dead serious, folks)
Equity Markets to collapse 30% next week!
http://www.youtube.com/watch?v=KdJZZrx_kR8
http://www.youtube.com/watch?v=L3eJ9YpJeEI
Remove the $25 trillion since 2008 used to prop it all up and youd be in a slave labor camp already, dickhead.
I have a feeling the paper settlement on the comex silver can go on for a while. I'd take a premium for not taking delivery. No storage cost and you take the money and roll into the next contract. Sounds good.
It all sounds good until there's blood on the streets.
A short position in any future market must surely be regulated so that the party entering into the short position meets one of the following criteria 1. A company who has any involvement in the production of the commodity supposedly being traded for which a short position is so that the company can be guaranteed a given price and that the company will eventually deliver to the market the full quantity contracted. 2. A company who has no involvement in the production of the commodity supposedly being traded is required to place the full quantity contracted into escrow. This will ensure that the quantity contracted can be delivered upon otherwise it is not supply and demand that dictates price but rather the money in the short positions versus the money in the long positions.
http://www.commodityonline.com/news/Silver-shortage-a-sign-of-manipulation-33709-3-1.html
DP
who is king merv?