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Jim Myrtle

Jim Myrtle
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  • JP Morgan and the Massive Silver Short: The Greatest Story Ever Told [View article]
    Do you have any?
    Dec 22 10:28 AM | Likes Like |Link to Comment
  • JP Morgan and the Massive Silver Short: The Greatest Story Ever Told [View article]
    "No they don't assist in price discovery if there is no physical at risk"

    Comex contracts are 5000 ounces, physical silver.

    "If JPM controls the supply of "wingbatsdoits" (created out of thin air on a computer screen)"

    You're making less sense than usual.
    Dec 22 10:25 AM | 1 Like Like |Link to Comment
  • JP Morgan and the Massive Silver Short: The Greatest Story Ever Told [View article]
    "there is $127 billion of derivatives on "other precious metals" (than gold) which must be silver. And in the best case scenario that is balanced bet"

    In the best case it's balanced? Do you know how derivatives work?
    There is no long without a short. IT MUST BALANCE!!!

    "this the system is betting on 3.5 billion oz of silver that does not exist"

    The "system" doesn't bet. People bet.

    "the fiat system will be destroyed by this"

    Yeah, well you think the Fed is owned by the Rothschildes, so I can tell where you're coming from.
    Be sure to wrap the foil counterclockwise, clockwise only increases the strength of the mind control rays.
    Dec 22 09:53 AM | Likes Like |Link to Comment
  • JP Morgan and the Massive Silver Short: The Greatest Story Ever Told [View article]
    Dude, don't bogart that joint.
    Dec 22 09:46 AM | Likes Like |Link to Comment
  • JP Morgan and the Massive Silver Short: The Greatest Story Ever Told [View article]
    People who go long are good and pure.
    People who go short are evil.
    Nice "logic" you have there.
    Dec 22 09:33 AM | 1 Like Like |Link to Comment
  • Silver Headed to $475 Trillion an Ounce! Thank You JPM [View article]
    "Explain to me a legitimate hedging reason to have both large long and short positions in the same market?"

    If they bought forwards at $14 an ounce and sold futures at $15 an ounce, they'd be locking in a profit. Sounds like a good idea to me.
    Dec 20 01:28 PM | Likes Like |Link to Comment
  • JP Morgan and the Massive Silver Short: The Greatest Story Ever Told [View article]
    "Gambling (aka betting) is immoral"

    So don't do it.

    "Gambling with commodities prices, causes price distortion, which causes distortion of supply and demand, which causes in the end starvation"

    What happens when gambling causes surpluses? Obesity?

    "Thus it is unethical"

    So don't do it.
    Dec 19 09:32 AM | Likes Like |Link to Comment
  • JP Morgan and the Massive Silver Short: The Greatest Story Ever Told [View article]
    "Rockefeller owns both JP Morgan and the Fed"

    LOL! That's funny.
    Dec 19 09:30 AM | Likes Like |Link to Comment
  • JP Morgan and the Massive Silver Short: The Greatest Story Ever Told [View article]
    "No we think selling something you don't have causes distortions to macro-economics that cause massive suffering in the end"

    Which is offset by the distortion caused by buying something you don't have and don't intend to take delivery of.
    Dec 19 09:27 AM | 1 Like Like |Link to Comment
  • JP Morgan and the Massive Silver Short: The Greatest Story Ever Told [View article]
    "Big liars tell big lies"

    BoA and the Treasury lied about $45 billion in TARP?

    "BoA 'paid' the Fed 2.1 trillion that was 'lent' to Merrill?"

    I think Merrill paid back all the loans before BoA bought them.

    " And I should 'believe' government in this regard when it's daily proven to be lying on myrid other matters?"

    Or you could prove they're lying about the repayment.
    Dec 18 07:46 PM | 1 Like Like |Link to Comment
  • JP Morgan and the Massive Silver Short: The Greatest Story Ever Told [View article]
    "For starters, it requires taking someone's stock and selling it"

    For starters, it requires borrowing someone's stock and selling it.

    "Also, it is mostly an attempt to take down the price of a stock"

    It is a bet that the stock will drop in price, just as a long position is a bet that the stock will increase in price.

    "I have no doubts that someone very powerful has shorted silver and did it with naked shorts"

    When talking about futures, just say short. Less confusing, more accurate.
    Dec 18 04:00 PM | 1 Like Like |Link to Comment
  • JP Morgan and the Massive Silver Short: The Greatest Story Ever Told [View article]
    "Unless there is 3 billion ounces of physical silver bullion that we don't know about"

    Unless you have proof that we don't know about, I'm not going to assume anyone (let alone JPM) is short that much silver.
    Dec 18 03:54 PM | Likes Like |Link to Comment
  • JP Morgan and the Massive Silver Short: The Greatest Story Ever Told [View article]
    "If in FACT any actually was 'paid back'"

    When Bank of America said they paid it back and the government announced it was paid back, that didn't mean it was actually "paid back"?

    "of greater curiousity would be to learn HOW it was 'paid back'"

    When borrowers pay back the bank, the bank now has money available to pay back its own loans.

    "Obviously, those entities were plainly insolvent!"

    Define insolvent and I'll see if I agree.
    Dec 18 03:52 PM | Likes Like |Link to Comment
  • JP Morgan and the Massive Silver Short: The Greatest Story Ever Told [View article]
    "But you can not have price discovery, if the speculation contracts don't have actual physical commodities at risk"

    That's funny. Speculators assist in price discovery.
    They have money at risk.
    Dec 17 07:24 PM | 2 Likes Like |Link to Comment
  • JP Morgan and the Massive Silver Short: The Greatest Story Ever Told [View article]
    "But I do hope someone mentioned that it is widely believed that Hillary Clinton literally made her massive fortune via the Silver Short in her Blind Trust"

    Hillary made her money on cattle futures.
    Her account was at Refco.
    Dec 17 07:17 PM | Likes Like |Link to Comment
COMMENTS STATS
969 Comments
639 Likes