PDA

View Full Version : wynter_benton



po14015
20th February 2011, 10:25 PM
This subject has been hiding over in a different area.
http://gold-silver.us/forum/silver/who-is-winter-benton-is-silver-about-to-go-through-the-roof/

"since you were defining whether we "won" or lost versus blythe last week, I will define what our group considers winning and losing. If by the middle of march or sooner, silver trades above $37, then we consider it a win. If during this timeframe, silver trades between $33-$37, then we consider it a draw. If silver does not trade over $33 during this timeframe, then we will consider this a defeat.

That is our standard definition for a win, a lost, and a draw versus Blythe."
From Yahoo Message Board:
http://messages.finance.yahoo.com/Business_%26_Finance/Investments/Stocks_%28A_to_Z%29/Stocks_J/threadview?bn=10073&tid=386628&mid=386648


Another Post:
http://messages.finance.yahoo.com/Business_%26_Finance/Investments/Stocks_%28A_to_Z%29/Stocks_J/threadview?bn=10073&tid=387037&mid=387232


Link to the person people are saying is Wynter Benton:

"Bill Winters, a former top JPMorgan Chase & Co (JPM.N) official who left in 2009 after a falling out with Chief Executive Jamie Dimon, plans to launch an asset management and hedge fund company in the City of London, the Financial Times reported on Wednesday."

"The venture is backed by two of Europe's wealthiest family investment groups: RIT Capital, the vehicle of Lord Jacob Rothschild, and Johann Rupert's Reinet fund, the newspaper reported."

More:
"Ex-JPMorgan executive Winters to launch fund-FT"
http://www.reuters.com/article/2011/02/17/jpmorgan-winters-idUSN1611875220110217?feedType=RSS&feedName=companyNews&rpc=43

po14015
20th February 2011, 10:29 PM
From what I have read, a group of hedge funds are going to stand for delivery if the price of silver is under $37, otherwise they will take the premium offered. They are backed by at least $3-$4 Billion.

Basically, the poster hit price targets and the margin rule changes for the last two weeks. So either they got lucky or are who they say they are.

And they may stand for the metal anyway as the CFTC is proposing placing position limits on longs that would prohibit them from ever doing this again.

Take for entertainment value, but it is very interesting.