JP Moron - How to lose 2 billion bucks on a single trade

purch

sabretoothtigger wrote: »

they said for years JPM was going broke, not from this but for short selling silver

Despite asking on numerous occasions, those who continue to claim that this position exists have never been able to show any proof.

FTBFun

Oh, and you should obviously get a gun (why am I not surprised?)

Given that you WILL be one of the few that is fairly prepared for this transition it is only appropriate that you protect your possessions as well as yourself and loved ones against those that were not as prepared and willing to take what they need. The obvious answer is getting a gun. I don't like to recommend it...but I will. If you do get a gun make sure you know how to use it and understand that it carries with it the ultimate moral responsibility. Don't use it UNLESS you have to.

FTBFun

Lastly - of course a 1 year subscription is yours for a simple payment of $149

http://www.roadtoroota.com/members/login.cfm

Generali

FTBFun wrote: »

Lastly - of course a 1 year subscription is yours for a simple payment of $149

http://www.roadtoroota.com/members/login.cfm

Stop your moaning. It's only fiat money so it has no real value anyway

sabretoothtigger

Soon we will be burning it to keep warm

purch wrote: »

Despite asking on numerous occasions, those who continue to claim that this position exists have never been able to show any proof.

Im sure I read they bought an interest in a silver mine. It would be typical if they took a position on both sides of a trade.

Typically the smarty pants thing to do is sell today but always with enough production to pay off bets in the long term and if you wrong meantime just keep rolling the bet on leverage.

Often the market gets ahead of itself, Im sure there is enough silver almost always except when gold spikes then so can silver.
I do also agree if everyone just took 1 ounce it'd double the price at least, but the public dont care so this is not the case

Options is super confusing, from what I can tell they always offset a trade elsewhere. Sometimes it works or not but its pretty rare that they just go long a position or short and thats it, no further thought or deals done.
They always seem to do it in pairs, they sell a premium between two prices, etc Like insurance, they lay off the risk elsewhere and just take a cut not the entire slice of risk/reward

The problem with this 2bn trade would be they had no way to hedge it elsewhere apparently

chewmylegoff

purch wrote: »

Despite asking on numerous occasions, those who continue to claim that this position exists have never been able to show any proof.

Here we go again, you and your demands for proof. Did the disciples ask Jesus for proof? Think about this next time you dare to question Ted Butler.

purch

GMensler wrote: »

Ted Butler has provided ample proof.

No he hasn't.

I have subscribed to his pay per view site myself in the past by the way.

This is from 2008, even more proof has come to light since then.

Again where is the proof ?

Writing a blog claiming stuff, whilst not actually providing anything to back up the claims is not proof.

Why do those who make the claims not post the actual reports that they claim show this position so that we can all see it ??

P.S. I do not doubt the word of Theodore, but those who just seem happy to parrot his claims without providing any proof other than heresay do not do the man any favours at all.

purch

To see what all the fuss was about. (and to waste $35 a month :eek:)

And I found out that the fuss was about nothing really.

I emailed the numpty and asked him why he was only bothered about who was short, but never about who was long. Somebody has to be long the contracts that are being sold by JPM and whoever ?

The answer I got was quite pathetic really, as he didn't seem to want to discuss who was long.

Look at the most recent committment of traders report.

There are about 98,000 Short Contracts, and 98,000 Long Contracts.

So if JPM and one or two others are the bulk of the Shorts, who are the Longs ?

Nobody ever seems to want to answer that question.

http://www.cftc.gov/dea/options/other_lof.htm

sabretoothtigger

Jewelers maybe hedging order book costs

Theres a few who actually need to use silver and will be worse off when it goes up in price, not just speculate or drool over the prospect of the continental congress bipolar currency ratio being restored

purch

Eikcos wrote: »

Who do you think are the longs?

JP Morgan probably .........or whoever it is who is behind the contracts sold by JPM.

Remember (actually this will no doubt be news to most of you loons) just because JP Morgan is the seller of the contracts, (and the research done by Butler shows that they are) it doesn't automatically mean that it is their position. Anyone who is not registered as a floor trader on COMEX (or any other Futures exchange) has to use a floor trader, Bank, Broker or Local to buy or sell for them. The trades will be registered as done by the floor trader, not the entity behind the trade.