| Author |
 Replies: 43 / Views: 3,935 |
Page 3 of 3
|
|
|
|
Valued Member
United States
410 Posts |
According to the latest reports the loses my be up to $5 billion now! I don't think anyone really knows the scope of this.
|
|
Rest in Peace
United States
9104 Posts |
Quote:
They've got JPM in the wringer and there is no incentive for them not to turn the screws to the absolute max. All this sure makes me wonder what JPM will be doing in the bullion trading arena while all this is transpiring. If they can turn the screws tightly enuf, maybe they can knock JPM out of their deliberate silver shorting, and who knows what the silver price would go to then? |
|
Pillar of the Community
United States
2168 Posts |
I remember last May they had a lot of Silver paper due. Around the middle of the month and the bottom basically fell out. What an odd occurrence
|
|
Rest in Peace
United States
9104 Posts |
Wish you'd had mentioned that a couple weeks ago.
|
|
Pillar of the Community
United States
4008 Posts |
Quote:
Maybe if big enough like the Whale-you might lose your job. And keep all the$$ earned. Could be, Angel. I'm thinking that "the whale" got into trouble not for trading derivatives but for getting caught in the squeeze and forcing JPM into the public spotlight. While this makes JPM management VERY uncomfortable and costs them a lot of money, it is likely that "the whale" got a VERY nice separation package so he would not be needing money badly enough to get it via a tell-all book. That would be a dagger in the heart to a shady operation, so must be avoided at all costs. It was either that or stick a harpoon in that whale via an auto "accident" or some such arranged event. Quote:
According to the latest reports the loses my be up to $5 billion now! I don't think anyone really knows the scope of this. No, actually, they do not know the full extent of this because the trade will not be unwound for some time yet... perhaps not until the next quarter ends or maybe even longer. As this trade goes on, it continues to rack up the losses. Quote:
If they can turn the screws tightly enuf, maybe they can knock JPM out of their deliberate silver shorting, and who knows what the silver price would go to then? That would be the bright spot in all this, Fredd, if there is one. JPM is the Big Dog amongst the silver shorts, so maybe with them as an example of what can happen because of naked shorting and other nefarious activities, they will all back away from this and we will at long last have true price discovery in the PM markets. Not that the Fed or the gov will be in favor of that, of course! They are well aware of the fact that PMs really are alternative currencies and ones that are unaffected by both Fed and gov monetary manipulation policies. |
|
Pillar of the Community
United States
2269 Posts |
Just out of curiosity, recently I did an internet search with the words, Silver, Market, Manipulation, 2012. To my surprise JPM related articles flooded the first 6 pages. After reading a few articles, I am beginning to see a pattern with JPM. I think this most recent incident is only a fraction of things to come.
|
|
Pillar of the Community
United States
4008 Posts |
Quote:
I think this most recent incident is only a fraction of things to come.  ... merely the tip of the iceberg is now showing. |
|
Pillar of the Community
United States
2168 Posts |
Just read in a CNN article the loss my go to 7 billion. The trades have all not settled they say (which we already knew) it is all manipulation to make $$$ for the side of the trade that wins. Reminds me on the Game of Life and betting for certain numbers. I never did that then nor do I do it now!
|
|
Pillar of the Community
United States
2168 Posts |
And Morgan Stanley is involved with the FB mess.
|
|
Valued Member
United States
410 Posts |
I was listen to a story about who the winners are on the other side of the bet. The hilarious thing is some of them are other divisions of JP Morgan! One division is betting against other? How does that make any sense?
|
|
Pillar of the Community
United States
2168 Posts |
That's what they do. I guess the traders make their commissions on both trades. It is the most disgusting business and it all seems legal. These traders make tons of money in salary and if they screw the other side of the 'bet' (hedge) they get huge bonuses too. Makes me Sick and not only that the companies as well as the traders get rich.
|
|
Pillar of the Community
United States
4008 Posts |
What I read on-line is that most of the other side of this bet was held by hedge funds. There are two sides to every bet made on Wall Street. This is the buyer and the seller. Both are needed or there is no trade. Hedge funds can be quite brutal when it comes to making money. The old time "Robber Barons" had nothing on these guys!  |
|
Rest in Peace
United States
9104 Posts |
Years ago, a PM broker told me that if WS brokers pulled some of the stuph that "coin investment" places do, they'd be spending lots of jail time.
|
|
Valued Member
United States
410 Posts |
The story I heard also said that most of those on the other side of the bet are hedge funds. I just found it funny that some are people within JP Morgan.
|
|
Pillar of the Community
United States
4008 Posts |
Quote:
Years ago, a PM broker told me that if WS brokers pulled some of the stuph that "coin investment" places do, they'd be spending lots of jail time. Yeah, Fredd, but that was then... back when miscreants actually had to pay for their crimes. We do it differently today and reward them for their crimes. That way, the cops and the lawyers ALWAYS have some work to do. Quote:
I just found it funny that some are people within JP Morgan. Yeah, if true that would be hilarious. I wonder what they thought they were doing with that? If I go out and go both long and short on a stock, I may not care whether or not it goes up or down but I WILL lose money after the fees are figured in. Seems idiotic to me but then maybe one has to be a bankster to understand this kind of "investing". :-/ |
|
Page 3 of 3
|
Replies: 43 / Views: 3,935 |
Page 3 of 3
|
First Page
Previous Page
Posted 05/19/2012 04:21 am
