Silicon Investor (SI) -- The First Internet Community

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 : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (26765)	11/22/2011 12:00:28 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 218998

You mean this? LOL!!! Message 27779700 GZ

To: robert b furman who wrote (26765)	11/22/2011 12:14:25 PM
From: FCom777	Read Replies (2) \| Respond to of 218998

Do an internet search on some of the text. I did last night and found that the report that that headline referenced was data Nov 7 or so. So it is hardly should be considered late breaking news. It still may, however, be significant depending on what interpretation you draw from it. If I were to put my most cynical hat on ... I could present an argument that JP Morgan has about a 20000 contract short to cover on the Comex (only God knows what their derivatives exposure is). They are at war to fleece as many as possible. The CFTC COT report shows Hedge Funds and Small Speculators represent the vast majority of longs. What better way to cover a large number of shorts than to freeze action on 150 000 futures accounts. Drive prices lower - separate the positions from the cash that is supporting them - force massive sales by brokerages of client accounts due to inadequate margin at lower prices - and voila ! How many shorts can you cover ? But I usually try to avoid being too cynical ... but who knows ? Corzine is clearly one of the "Boys" - and this event is clearly off-scale in the history of the futures industry. It's mind boggling to me that cash hasn't already been replenished in customer segregated accounts. I strongly suspect that there is MUCH more going on behind the scenes that any of us are aware.