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Gold/Mining/Energy : Gold Price Monitor
GDXJ 94.04+0.6%Nov 21 4:00 PM EST

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To: Real Man who wrote (88290)7/24/2002 12:17:34 PM
From: PAUL ROBERTSON  Read Replies (2) of 116764
 
was watching CNBC this am. They were interviewing the vice chairman Shapiro of JPM. One of their divisions is referred to as "ballance sheet relief". Apparently, this division has serviced a number of companies. Imagine, i thought to myself, if they provide this sort of service for other companies, what they are doing for themselves. What a chuckle i had and a kind of sick feeling at the same time.

It was quite interesting to watch gold fall about $4 during the interview and the dow futures fall another 50 points.

Shapiro stated at the end of the interview that JPM stock is a great buy.... The rumors on the street of a lower stock price for JPM involving certain triggers has me wondering what really might be going on behind the scenes. Amazing, absolutely amazing. Derivative exposure about to hit home? Hope Allan has the presses humming. Sounds like he is going to need an incredible amount of quick cash.
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