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Silver Shorts Bloodbath

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Fri, 03/04/2011 - 16:58 | 1020195 Harmonious_Diss...
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Fri, 03/04/2011 - 17:14 | 1020292 Hugh G Rection
Fri, 03/04/2011 - 17:22 | 1020354 High Plains Drifter
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I told ya. Its the metaphorical "train" being pulled on Blythe, the JPM metals whore. Baby, bend over and take it like a man.........

Fri, 03/04/2011 - 17:27 | 1020386 Harmonious_Diss...
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Fri, 03/04/2011 - 17:40 | 1020462 Michael
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Duh, Winning!

Fri, 03/04/2011 - 18:00 | 1020556 Careless Whisper
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Blythe, Get To The Chopper !!!

Fri, 03/04/2011 - 18:10 | 1020588 Hugh G Rection
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shoulders, head, outstretched arm with extended middle finger

Sat, 03/05/2011 - 00:36 | 1021449 A Nanny Moose
A Nanny Moose's picture

+1. Just can't go wrong with a good FMJ reference.

"Just don't lead em so much"

Fri, 03/04/2011 - 18:33 | 1020672 redpill
redpill's picture

Damn it feels good to be a gangsta...er...silver owner.




Fri, 03/04/2011 - 17:00 | 1020199 Debtless
Debtless's picture

Vertigo bitches.

Sat, 03/05/2011 - 07:00 | 1021696 Frankie Carbone
Frankie Carbone's picture

Got silver, bitches? 

Fri, 03/04/2011 - 17:00 | 1020201 camoes
camoes's picture


Fri, 03/04/2011 - 16:59 | 1020205 Roy Bush
Roy Bush's picture

who exactly are these silver shorts?  who the hell would short silver in this environment?  clearly shorts aren't being forced out yet as the big banks would exit en masse and cause a truly parabolic move....thoughts?

Fri, 03/04/2011 - 17:02 | 1020218 tmosley
tmosley's picture

JP Morgan is the big dog.  They have access to free money, so they literally CAN'T be forced out, no matter how high the move.

Of course, they will have to deliver the silver sooner or later, as longs continue to stand for delivery, though perhaps not in the volumes hoped for by silver bulls.

Fri, 03/04/2011 - 17:03 | 1020238 Sudden Debt
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and Don't forget BAC and C!

They are in the same mess!


Fri, 03/04/2011 - 17:06 | 1020251 Careless Whisper
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crash jpmorgan buy silver



Fri, 03/04/2011 - 17:15 | 1020284 Pladizow
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I recently read an interesting thesis that it is in fact China and not JPM that is the big silver short.

The purpose is because the PM's tend to move in tandum and by surpressing silver they can supress gold.

Why not directly short gold? - silver is a much smaller market and more easily manipulated.

Why supress gold? - So you can continue to accumulate as mush as possible at lower prices to one day back your currency with it, replace the dollar and become the world reserve currency.

China plans in centuries and is willing to accept short term silver losses to accomplish their goal of global domination.

See: http://www.globaleconomicwarfare.com/      This person has written for the DOD.

Fri, 03/04/2011 - 17:19 | 1020333 tmosley
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That is Ted Butler's theory.

If they are doing it, they are doing it through JPMorgan.

Fri, 03/04/2011 - 17:51 | 1020516 wintermute
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Reasonable theory. But the problem is that the cost of holding silver short is far more than the benefit gained by buying gold slightly cheaper...

Fri, 03/04/2011 - 18:34 | 1020680 Andy_Jackson_Jihad
Andy_Jackson_Jihad's picture

The cost in toilett paper USTs and FRNs.  What are they going to trade them for?  New seasons of reality shows or transformers 3?

Fri, 03/04/2011 - 19:01 | 1020743 AR15AU
AR15AU's picture

I disagree...  they could sacrifice one of their tier 2 investment banks (a Chinese Bear Stearns) - Lard it up with more and more derivatives, billions of ounces synthetically shorted, until the thing explodes. Then simply walk away.

Fri, 03/04/2011 - 19:37 | 1020867 IQ 145
IQ 145's picture

 That's diabolical. You're a dangerous man.

Fri, 03/04/2011 - 19:52 | 1020907 tmosley
tmosley's picture

That was part of Ted Butler's theory.  They are long SLV and short silver futures.  They are redeeming SLV for physical metal, and intend to simply default on the silver shorts.

Not terribly far fetched.  I had thought of a similar scheme myself, but I don't have sovereign power to back up such a nefarious plot.

Fri, 03/04/2011 - 23:04 | 1021287 Fred Hayek
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But, why would Gensler et al be under pressure to let the Chicoms keep making a joke of their commodities exchange by holding absurdly sized positions?  That doesn't make any sense.  Their being ordered to let JP Morgan abuse the market, that makes sense, at least as far as having understandable motivation.

Fri, 03/04/2011 - 23:14 | 1021307 just_looking
just_looking's picture

Trade off on the beating china is taking on their treasury holdings.

Fri, 03/04/2011 - 20:05 | 1020949 nmewn
nmewn's picture

+1 AR.

They'll crash & burn...I stopped by my dealer yesterday, he's out of 2010's...he had to root around in the back of the safe for 04's at the same premium over spot.

He always asks if I'm sellin or buyin when I walk in...I just give him a wink and smile.

G/S ratio is at 40.16 now and falling like a rock...lookin good Billy Ray ;-)


Sat, 03/05/2011 - 07:07 | 1021699 Mach1513
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"Free and unlimited coining of silver at a ratio of 16:1."

Maybe we'll get there.

Some day.

Some how.

Fri, 03/04/2011 - 20:52 | 1021069 Reptil
Reptil's picture

that's what I'd do. hahaha good one! but IMHO too crude for the chinese politburo. they like balance not kaboom.


Sat, 03/05/2011 - 02:19 | 1021566 StychoKiller
StychoKiller's picture

40Million+ starved, dead, Chinese peasants would beg to differ with that statement...

Fri, 03/04/2011 - 21:43 | 1021153 Amish Hacker
Amish Hacker's picture

Sorry, I can't seem to find the exact link right now, but FOFOA makes a pretty good case that the gold price is suppressed to hold down the price of oil. The idea is that the Saudis have a grams-to-barrel ratio that they try to maintain. If this is the case, then the benefit of lower oil prices might well be worth the cost of holding silver short. And it probably was, until the whole thing blew up in their face.

Fri, 03/04/2011 - 22:25 | 1021221 tmosley
tmosley's picture

The article is called "Flow" IIRC.

Fri, 03/04/2011 - 18:23 | 1020636 Drachma
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The international priesthoods plan in millenia.

Fri, 03/04/2011 - 19:05 | 1020762 DosZap
DosZap's picture

Dont kid yourself, China is SCARFING up all the silver they can get.

Rumor has it they took 2 million Silver Eagles off the market here, last month.

Just like Japan, prior to WWII, they bought everything they needed to engage in War.

China is likewise, for a different kind of war.

Fri, 03/04/2011 - 22:45 | 1021254 Al Gorerhythm
Al Gorerhythm's picture

Now, where are those three wascally wabbits who have been dissing us for the last month. Oh, there you are! Hiding in amongst the comments as junk. Come out, come out, where ever you are!

Sat, 03/05/2011 - 02:58 | 1021589 trav7777
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so, the ubiquitous addiction of chinamen to opium 100 years ago was all part of a centuries-long plot to trick us into letting them counterfeit Louis Vuitton handbags?  WTF?!?

Sat, 03/05/2011 - 14:02 | 1022026 Phaethon
Phaethon's picture

Those weasels think waaay ahead!

Sat, 03/05/2011 - 09:08 | 1021755 Hephasteus
Hephasteus's picture

Even Nixon can't go to Goldman's china.

Sat, 03/05/2011 - 23:35 | 1022872 Kegfreak
Kegfreak's picture

With all do respect to Ted Butler and all else who hold this theory, have you noticed the ratio?  We were 60:1 three months ago, today we are 40:1.  I realize that silver is a much smaller market but wouldn't the fact the silver is increasing faster negate this theory.

The Chinese are advising their people to invest in silver so wouldn't it be better to all buy in at once and be on the correct side of the trade?


Cheers, I got white trash mimosa(box wine and orange juice) and Beastie boys are on the radio!

Fri, 03/04/2011 - 17:42 | 1020467 Temporalist
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Sat, 03/05/2011 - 05:22 | 1021653 CH1
CH1's picture

HSBC is a very small actor, compared to JPM.

Sat, 03/05/2011 - 08:36 | 1021736 slewie the pi-rat
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HSBC?  yes, quite a nimble playa, in spite if it's diminutive "size".

Fri, 03/04/2011 - 17:07 | 1020254 Roy Bush
Roy Bush's picture

March 29th is the big day I guess....when physical delivery will be demanded.  

Fri, 03/04/2011 - 17:53 | 1020534 dumpster
dumpster's picture

even the end of feb  deliverys

cash was used by morgan to buy positions

as much as $50 bucks was paid to settle in cash/

either take the cash or we make an offer you will not refuse



Fri, 03/04/2011 - 18:06 | 1020586 Citxmech
Citxmech's picture

If that's really the premium to put off delivery - the precident will only delay the inevitable.  The COMEX is all but blown. 

This is f'n beautiful.

Fri, 03/04/2011 - 19:08 | 1020765 DosZap
DosZap's picture

This is what you get for fking&$&#^^# with Paper ETF's.

Fri, 03/04/2011 - 17:10 | 1020272 TheGreatPonzi
TheGreatPonzi's picture

This 'free money' can only be freshly printed (the FED has no personal value-assets). 

So it can only push inflation -- and the price of silver -- higher. 

Fri, 03/04/2011 - 17:44 | 1020482 Temporalist
Temporalist's picture

I believe the Fed now has a lot of CDO and MBS garbage too...so they own depreciating RE if that's something.

Fri, 03/04/2011 - 17:16 | 1020310 earnyermoney
Fri, 03/04/2011 - 17:23 | 1020361 High Plains Drifter
High Plains Drifter's picture

Chinese government to JPM. Where is my fucking silver?

Fri, 03/04/2011 - 17:38 | 1020454 Careless Whisper
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JPM to Chinese government. To quote Mister Cee-Lo Green (love the outfit).

Fuck you! Oo, oo, oo,




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