PDA

View Full Version : Is there any proof that JP Morgand doesnt hedge their shorts?



xychuma
2nd December 2010, 15:15
Everyone sais that all JP Morgan short positions are naked, but is there any proof of that?
JPM might have some SLV shares also

Matthew Shelley
2nd December 2010, 15:40
Everyone sais that all JP Morgan short positions are naked, but is there any proof of that?

What fun would that be? Then we couldn't make up all sorts of wild stories to support our positions!

Of course, the regulators and exchanges, who can see the positions, have already investigated a few times and came back with the answer that they had bonafide hedges on. But we won't believe that until JPM opens their books wide, to each and every person who has a thousand ounces of silver buried in their backyard.

: )

Oh, and the actual answer to your question is 'no' there is no proof of that.

Matthew C. Shelley
Commodity Broker

As always: Trading in futures and options is very high risk investing. You can lose all or more of the money you invest. Only risk capital should be used.

tom1000000
2nd December 2010, 15:50
This web page says size of JPM short is 286 million ounces, as at Jan 2010: http://www.caseyresearch.com/gsd/edition/106

Maybe JPM really does have all that silver either physically owned or ETF equivalent.

silverheartbone
2nd December 2010, 15:59
This web page says size of JPM short is 286 million ounces, as at Jan 2010: http://www.caseyresearch.com/gsd/edition/106

Maybe JPM really does have all that silver either physically owned or ETF equivalent.
Maybe I have wings and can fly.

If the 286M short is true,
then for every $3.50 up = 1 billion FRN loss in equity
if JPM actually had to cover their position.

35 cents up = -$100,000,000

Crazy.

Matthew Shelley
2nd December 2010, 16:12
Maybe I have wings and can fly.
If the 286M short is true,
then for every $3.50 up = 1 billion FRN loss in equity
if JPM actually had to cover their position.
35 cents up = -$100,000,000
Crazy.

Maybe the positions reported as under the JPM house name are hedges held for customer accounts like mines and such. And JPM couldn't care less if the position goes up or down as long as their customers are able to meet their margin requirements.

Of course, that would be a much more boring story, and pretty hard to sell to the true 'believers'.

Matthew C. Shelley
Commodity Broker

As always: Trading in futures and options is very high risk investing. You can lose all or more of the money you invest. Only risk capital should be used.

aequitas
2nd December 2010, 19:23
More important is the ratio of silver that is traded with paper contracts to the underlying physical that could be used to satisfy the contracts. Only a fool would argue that there is plenty of silver to be delivered and trading 100 to 1 is legitimate, hell banks at least only loan out 9 to 1 against their reserves.

If JP Morgan was so innocent why no press release or statement that their short position is just clients that are hedging, because it isnt. The lack of response means that they cannot benefit from a response, therefore they either consider 25 lawsuits and a CFTC investigation a non-issue or they have nothing reassuring to say.

tom1000000
3rd December 2010, 05:47
Very good point. With all the law suits you think JPM would have made a public statement explaining their trading and claiming their innocence.... the silence says alot!

Matthew Shelley
3rd December 2010, 09:32
More important is the ratio of silver that is traded with paper contracts to the underlying physical that could be used to satisfy the contracts. Only a fool would argue that there is plenty of silver to be delivered and trading 100 to 1 is legitimate, hell banks at least only loan out 9 to 1 against their reserves.
If JP Morgan was so innocent why no press release or statement that their short position is just clients that are hedging, because it isnt. The lack of response means that they cannot benefit from a response, therefore they either consider 25 lawsuits and a CFTC investigation a non-issue or they have nothing reassuring to say.

I don't recall a whole lot of press releases from any brokerage house announcing what their clients positions are. Perhaps because that would be breaching client confidentiality and their clients would leave them in droves?

Matthew C. Shelley
Commodity Broker

As always: Trading in futures and options is very high risk investing. You can lose all or more of the money you invest. Only risk capital should be used.

Zeus
3rd December 2010, 09:53
Jpm is in this to win...........yes they have a huge short position........

But i'd bet 1000 ounces of silver that they have ten times as large of a long position of some sort.............we just don't know where and how it is at.......when there shorts get blown up, I bet they are gonna make a killing................

aequitas
3rd December 2010, 15:21
I don't recall a whole lot of press releases from any brokerage house announcing what their clients positions are. Perhaps because that would be breaching client confidentiality and their clients would leave them in droves?

Matthew C. Shelley
Commodity Broker

As always: Trading in futures and options is very high risk investing. You can lose all or more of the money you invest. Only risk capital should be used.

They are being sued and accused of fraud. They dont have to release clients names to say that the positions are not at JP morgans request. As usual you assume everything is legitimate simply because. Why are they above suspicion, why should we ignore their obviously manipulative postitions. What about Andrew Mcguire's testimony and predicition of market movements. You are a fool, you will trade your paper and apoligize for JP morgans secrecy and insider trading until one day your paper contracts will be settled in cash and cash will be tremendously devalued.

buffalo3
3rd December 2010, 20:57
They are being sued and accused of fraud. They dont have to release clients names to say that the positions are not at JP morgans request. As usual you assume everything is legitimate simply because. Why are they above suspicion, why should we ignore their obviously manipulative postitions. What about Andrew Mcguire's testimony and predicition of market movements. You are a fool, you will trade your paper and apoligize for JP morgans secrecy and insider trading until one day your paper contracts will be settled in cash and cash will be tremendously devalued.

Amen, Why is it that a commidity broker cares what the people think?

silverheartbone
4th December 2010, 11:53
http://www.youtube.com/watch?v=ug7CTC2SVRc

SilverHawk
6th December 2010, 03:25
Looks like a good one to bump