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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?


To: Giordano Bruno who wrote (16014)4/8/2011 1:29:44 AM
From: The Reaper1 Recommendation  Respond to of 119362
 
It cannot be true that the JP Morgue has all these silver shorts they are purported to have. I could have believed it when the story was that they were long copper to hedge the position but now they just have to be getting pummeled on silver. I mean we're talking $125K per contract of losses and they're supposed to be short how many contracts? Does anyone remember the number that was being floated around for their short position?

Maybe the losses are just chicken feed to them compared to the other disasters sitting on their books.