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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (21200)	3/9/2010 3:16:19 PM
From: SliderOnTheBlack	4 Recommendations Read Replies (2) \| Respond to of 50507

re: "I know that there are crooks at work there -- but the story is probably not a bullish indicator ..." In the nearterm it's neither bullish, or bearish. I look at it as a far, far out of the money, LEAP call option on truth and justice. Give credit to Bill Murphy and the good people at GATA for not giving up. Hopefully they have new evidence to bring to Gensler and the CFTC. I believe it's a matter of when, not if. Especially in silver, with JP Morgan Chase holding such a large, concentrated paper short position. John Paulson, David Einhorn, and Paul Tudor Jones are already in gold. And we found out Soros actually used his Davos diss to add to his gold position. I'd hate to be JPM, if they ever decided to turn their attention toward a much smaller market like Silver. And let's not forget about Mr. Buffet. There are lots of catalysts on the horizon in which he may wish to hedge either a falling dollar and/or rising inflation, (without using derivatives) and it's not like he's a stranger to the physical silver market. And then there's China and numerous sovereign wealth funds. We have any number of potential players and we have a sitting duck in JPM. When, not if, someone's going to make a run at JPM with silver. SOTB