Strictly: Drilling II Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Strictly: Drilling II

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Roebear who wrote (21491)	11/7/2002 11:33:45 AM
From: Jim Willie CB	Read Replies (1) of 36161

shows how vulnerable JPM is now after rising from 15+ to 22+ of course I believe the rumors, which are confirmed by firings of both the JPM and Chase commodity trading VP's my guess is the truth lies in the middle somewhere as in, $50B in underwater gold shorts, not yet closed out they havent lost money if they havent covered at a loss yet probably like those "infinitely rollable Barrick hedges" cannot wait for the JPMorgan eruption it will have multiple sides: - Enron debt concealment - Enron fraudulent conversion of debt to trades - fraudulent accounting of nonperforming WCom, Arg, Russia loans - nonrecoverable GoldBank leases after sale of gold - just plain simple INSOLVENCY - derivative events when the insolvency is clear / jim

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next