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where's the JPM bankruptcy filing? I thought $36 was supposed to bring them down.
Unlimited access to the Fed window can carry you a long way.
dewd, do you have any idea. jp morgan has 2 trillion in assets. they have about 176 billion in stockholder equity (according to their gaap certified financials). there are rumors that they are short about 1 billion ounces of silver. if that's even true then silver needs to go to a few hundred an ounce before they loose any sleep and ask for a bailout.
@ Careless Whisper
Exactly! JPM/Blythe aren't losing any sleep on the rise in silver (they may in fact be net long, but that's another story). Silver could go to $50 and JPM will still likely be reporting perfect trading records.
But the silver bugs need a boogeyman, for some reason.
I hear paper numbers
Please don't buy any silver.
Neither of you.
You don't deserve it. I would hate to see people like you get rewarded.
Anyone bearish scares the hell out of you dont it? hehehe
lol, whatever you say, Willy the Coward who had to change his name due to his cowardice.
I am so glad that bastard changed his name. I used to just cringe when I saw his drive-by trolling posts. I hope he gets fired from his trolling job.
I seriously doubt he's paid to do that. If I were to sponsor shills, I would want someone who could argue intellectually. WTB's posts basically just amounted to the intellectual equivalent of "I'm rubber, you're glue", with a lot of curse words thrown in for good measure.
thank u for that...
now all chumps move along....
This. Blythe prolly hasn't even heard about Max Keiser, the climate change-banging Israel-bashing moron.
(you may junk me now)
first, i'm long silver and gold. but not because of max keiser. you are correct, he promotes the cap & trade fraud scheme that will benefit the criminal bankers, yet he hates goldman and jp. pfffftt. right. and while france leads the war on libya, max keiser remains silent, while he dines on millefeuille at restaurant du palais-royal.
Anyone making investment decisions on basis of a showman deserves to lose everything.
Max Keiser is an entertaining doofus. So is Jeremy Clarkson when it comes to cars. That doesn't stop me from watching either, because as previously stated - they're entertaining.
jeremy clarkson has the best job in the world.
There is no way they are long, you are on crack if you think you can continue the worlds greatest ponzi long PM's, that the most absurd thing I've heard in this rally.
They probably just printed a fresh batch.
You know paper SLV and metal is the same thing these days.
What a stupid argument. Yeah, they might have $2tn in assets, but you "forgot" to mention they have $1.95tn in liabilities.
Right up there with Spalding counting CDS notionals as "debt".
If the accouting rules were changed to discourage fractional reserve banking (which would be simple: you're not allowed to count the liability of others to you as an asset) then their assets would fall probably 95-98%. That's why the morgue needed a bailout when Bear Stearns went down, because the spiralling debt deflation would have taken down JPM, Goldman, and all the others
Yes. JPM is not going bankrupt. Buying PM is a good means for catching the money that the FED is firing out of its "bazooka", however.
Every single person here has pom poms a shaking
Whatever you say, William the Dumbass.
Read this, dumbfuck, and tell me how you feel.
Roger Weigand, usually on the money.
They have bought time by becoming a COMEX registered vault. It took them two days to get permission to do this, a process that takes 45 days for everyone else.
In the immortal words of Jay Sherman "It stinks!"
don't piss JPM off, or they'll dump their EXK shares and naked short HL.
does anyone know for sure if jpm are still net short? there's so much speculation about it that for all we know, they could actually be net long and enjoying the price rises fuelled by everybody intending on 'killing' them.
just a thought, rarely entertained in here despite the fact that probably no-one can prove whether jpm are net short ot long silver
french, HOrgan reports on silver contracts that are being settled for CASH. not silver. is it JPM many think so.
Bless Wynter Benton, still investing buying PM's and PM stocks, with them and seems they are for real..buy the contracts then sell for big premium each month is working..Silver is out performing gold each month ..so something is pushing it, JPM caught in a short squeeze could be one factor.
Either short or long they lose metal, damn sure do if short,and cause a DIP.
They went to Copper to make up the difference.
Mr. Rockeller, just how much money is enough?, Mr. R,
Just a LITTLE more.
Looks like JPM is hurting bad, they had to register as a comex vault!!?? Hmmmm It took two days to register, normal time is said to be 45 days. Looks like someone was in a rush to deliver silver to themselves.
Will JPMorgan Now Make and Take 'Delivery' of Its Own Silver Shorts?
Yeah. Their "vault" is probably about the size of my post office box.
Just had a phone solicitation for a U. S. Bank credit card. The guy asked me if I still lived at P.O. Box whatever. I said yes, but it was starting to get a big cramped and I might move up to a nice, roomy dumpster. He cruised right thru the humor and continued to read from his script. Sad bunch o' bastards.
Not to worry! JPM is on the way!
MATH MAN, I MISS YOUUUUUUUUUUUUUUUUUUUUUU!!!!!!!!!!!!
Reuters: "jitters over the euro zone sovereign debt crisis, violence in the Middle East and worries over radiation leaks in Japan conspired to blunt risk appetite."
Those are the same jitters that are making DAX +1.8% today, correctamundo?
+1 Jittery fat finger
++++1 jjjjjittery ffffat ffffinger iiiindeed!
Short Squeezes coming if SPX above 1320
...worries over radiation leaks in Japan conspired to blunt risk appetite
C'mon. Really? They're not even trying anymore. Are humans auctually writing this stuff anymore, or is it just auto generated?
is this real or a game?
WOPR HTF: what is the difference?
Actually, they just have a half-dozen hot keys, that spit out the tropes in various easily digestible combinations...
No, when your a dumbass journalist, and a sheeple,you print what makes you ticky.
Having no clue as to the real reasons.
Some vault operators are more equal than others. JPM appears immune from processes that everyone else must suffer through. On March 15, 2011, the Commodity Exchange (COMEX) and the New York Mercantile Exchange (NYMEX) advised the CFTC that they had approved J.P. Morgan's application to become a licensed vault facility, using a "self-certification" process. The newly licensed vault,...read more:
This buys just some more time.
Ha, transfer from one hand to the other, then tell everybody what the price was. Brilliant!
using a "self-certification" process.
yeah that sounds groovy
Using the same self-certification process, I have determined I am worth $1.5 quadrillion.
Now, who want to buy 1% of my net worth? I will sell it at a bargain price of $1bn, but you have to act fast, because there's only 100% to be sold.
$1.5 quadrillion, eh? Would you like to buy a derivatives bubble?
Hey, I'm already trying to sell one!
JPM moved operations offshore, and now this. Desperation.
More proof they're all crooks and the COMEX is owned.
Allows JPM to be in charge of good delivery standards of the Tungsten.
I read the fact it happened in 3 days instead of 45 as total desperation. They are indeed, out of silver in the warehouse, at SLV, and at the LBMA.
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