fl57caveman
New Member
US govt will backstop them, IMO.
they are in bed together, have been for years
they are in bed together, have been for years
JPM will be dead when silver hits $60
- Thread starter bbobkins
- Start date
Turk
Active Member
Aengrod said:JPM is too big to fail.
No one is too big to fail.
This expresion simply means the community has failed to come to terms with what such a failure would mean. In fact, this "too big to fail" story is an idea promoted by the banks themselves.
When Iceland pulled the plug on their failing banks they were told the same thing. "No one will EVER lend you money - EVER again!"
Turned out it was about three years before they were able to start tapping international credit markets again. The banks mis-spoke!
The figures don't lie - they are very clear. We can ignore them if we chose, but JPM's silver linked derivatives will eventually collapse them. The cannot cover their naked shorts without moving the price up and multilplying the pain from their derivative structures. They assumed they could manipulate the paper market forever - but once word got out - and the *physical* buyers saw the JPM-subsidised precious metal bull market it was game over. It's now only a matter of time.
hihosilver
New Member
Can I ask a silly question here...
where does it say that only JPM is dicking around with the silver prices? don't get wrong it's good to see we are focusing on at least one manipulative b'tard out there but surely there are many other banks dicking around too? maybe the question is shallow but if anyone can elaborate deeper I would appreciate it.
where does it say that only JPM is dicking around with the silver prices? don't get wrong it's good to see we are focusing on at least one manipulative b'tard out there but surely there are many other banks dicking around too? maybe the question is shallow but if anyone can elaborate deeper I would appreciate it.
Nub Cannon
New Member
the talking bears say so^^
Dynoman
Active Member
This JPM Silver Beat Up is getting a bit boring, would be good if JPM could bother to take these gloom & doom self promoters to the legal dry cleaners.
I agree about the supply capability, even with over two trillion in assets they would still have trouble coming up with enough physical metal if their investors suddenly wanted it, but that has more to do with the silver production market than JPM's ability to cover the financial cost.
Where do these scaremongers get their facts from?
I agree about the supply capability, even with over two trillion in assets they would still have trouble coming up with enough physical metal if their investors suddenly wanted it, but that has more to do with the silver production market than JPM's ability to cover the financial cost.
Where do these scaremongers get their facts from?
Turk
Active Member
Dynoman said:
Hi Dynoman,
I tried to answer your question about JPMs assets and share value here:
http://forums.silverstackers.com/topic-7284-37-usd-page-6.html
The ironic thing is that the law suits are going the other way. JPM now have about 20 law suits against them for their alleged silver manipulation.
But it's not as simple as just coming up the metal.
JPM have made huge 'bets' that rely on a low silver price. These bets are FAR bigger that the value of ALL THE AVAILABLE SILVER IN THE WORLD!
In effect they have told the world that THEY OWN YOUR STACK!
And in doing that, they have diminished the price of your stack significantly - thus defrauding you to the tune of at LEAST $100 per ounce.
And where do the facts com from? Just Google "bart chilton silver manipulation".
I don't get all this talk about JPM crashing, whats to stop them from covering there short positions on Uranium or something else?
These guys in the media come out and just claim JPM will be dead at $60 as if they are just going to sit there and wait for it to happen.
They could have covered any losses(if this is true) through going long on AUD in the past few months quite easy. Also shorting Neikkei when quake was announced had quite high returns.
These guys in the media come out and just claim JPM will be dead at $60 as if they are just going to sit there and wait for it to happen.
They could have covered any losses(if this is true) through going long on AUD in the past few months quite easy. Also shorting Neikkei when quake was announced had quite high returns.