Guess Who's Almost Out Of Silver (Big news Here!!)

[Large Sarge]

Guest Post: Guess Who's Almost Out Of Silver
Submitted by Tyler Durden on 04/08/2011 12:11 -0400

Guest Post Jamie Dimon


According to Jamie Dimon, he did America a favor when he agreed to take bailout money from taxpayers (and we didn’t even have the decency to thank him). Last week ,we learned that the JP Morgan CEO likes his catastrophe’s predictable, but as Mick Jagger once observed, “You can’t always get what you want.” So in case you’re wondering who might be stupid enough to buy silver at $40, chances are extremely high it’s going to be the guys who sold at $15, $20, $25, 30, 31, 32, 33….. On April 6, Bloomberg reported Comex Silver Stockpiles as of April 5, and if you scroll down through the report, you’ll notice that JP Morgan has enough silver to fill, wait for it, 6 contracts. Yep 30,844 troy ounces, that’s all.

[mamboni]

Guest Post: Guess Who's Almost Out Of Silver
Submitted by Tyler Durden on 04/08/2011 12:11 -0400

Guest Post Jamie Dimon


According to Jamie Dimon, he did America a favor when he agreed to take bailout money from taxpayers (and we didn’t even have the decency to thank him). Last week ,we learned that the JP Morgan CEO likes his catastrophe’s predictable, but as Mick Jagger once observed, “You can’t always get what you want.” So in case you’re wondering who might be stupid enough to buy silver at $40, chances are extremely high it’s going to be the guys who sold at $15, $20, $25, 30, 31, 32, 33….. On April 6, Bloomberg reported Comex Silver Stockpiles as of April 5, and if you scroll down through the report, you’ll notice that JP Morgan has enough silver to fill, wait for it, 6 contracts. Yep 30,844 troy ounces, that’s all.



That's just the physical in JPM's spanking new vault, purchased last week, no?

[Hatha Sunahara]

JPMorgan isn't in any real trouble unless the owners demand their actual silver. If he can keep redeeming his outstanding contracts in FRNs, no problem.


Hatha

[Ponce]

Just spoke to the owner of the coin store in the BIG TOWN that sells silver, he is not selling silver for now because the market is going crazy........even with a big sign outside the store "SELLING NO SILVER" there are still people standing by the door.........he told me that the other store in town is the same.

Like I said long ago "Once the people start buying they will take the power to control the market away from the coat and ties"........silver is standing on its own two feet and running like hell away from the fiat dollar.

[Cobalt]

Looks like all those silver spoons the CEO's were born with just might get melted down :D

[Ares]

But I bet they have enough paper shorts to fill the vault to the ceiling.

[chad]

Just spoke to the owner of the coin store in the BIG TOWN that sells silver, he is not selling silver for now because the market is going crazy........even with a big sign outside the store "SELLING NO SILVER" there are still people standing by the door.........he told me that the other store in town is the same.

Like I said long ago "Once the people start buying they will take the power to control the market away from the coat and ties"........silver is standing on its own two feet and running like hell away from the fiat dollar.


why wouldn't he be selling? :conf: :conf: :conf: :conf:

[Half Sense]

Why sell something that goes up !% - 2% a day?

[Neuro]

Just spoke to the owner of the coin store in the BIG TOWN that sells silver, he is not selling silver for now because the market is going crazy........even with a big sign outside the store "SELLING NO SILVER" there are still people standing by the door.........he told me that the other store in town is the same.

Like I said long ago "Once the people start buying they will take the power to control the market away from the coat and ties"........silver is standing on its own two feet and running like hell away from the fiat dollar.


why wouldn't he be selling? :conf: :conf: :conf: :conf:
He is holding out for the summer lows? Anyway I think it is a good time to sell now, with the hyperbullish sentiments around. I was going to go and sell about a quarter of my silver stash today but influx of patients prevented me. Anyway I was going to trade silver granule for gold bullion. I doubt gold can go much below $1300, but silver could very well go below $25 in a few months from now... Anyway, probably a good thing I was prevented to go and do my dirty deed, since it is up further from then. I'll go and sell it on Monday instead...

[Serpo]

"SELLING NO SILVER"

[Sparky]

Just spoke to the owner of the coin store in the BIG TOWN that sells silver, he is not selling silver for now because the market is going crazy........even with a big sign outside the store "SELLING NO SILVER" there are still people standing by the door.........he told me that the other store in town is the same.

Like I said long ago "Once the people start buying they will take the power to control the market away from the coat and ties"........silver is standing on its own two feet and running like hell away from the fiat dollar.


why wouldn't he be selling? :conf: :conf: :conf: :conf:


Yeah, I don't get this at all. Their product is currently priced at three-decade high prices and they don't want to sell it? What kind of business sense does that make? There money is made on the spread, so I'm not sure why they wouldn't be selling.

[SHTF2010]

we could hit $40 AND $41 within a 24 hr spread

[osoab]

Just spoke to the owner of the coin store in the BIG TOWN that sells silver, he is not selling silver for now because the market is going crazy........even with a big sign outside the store "SELLING NO SILVER" there are still people standing by the door.........he told me that the other store in town is the same.

Like I said long ago "Once the people start buying they will take the power to control the market away from the coat and ties"........silver is standing on its own two feet and running like hell away from the fiat dollar.


why wouldn't he be selling? :conf: :conf: :conf: :conf:


Yeah, I don't get this at all. Their product is currently priced at three-decade high prices and they don't want to sell it? What kind of business sense does that make? There money is made on the spread, so I'm not sure why they wouldn't be selling.


Refiner contracts?

I haven't been to my local guy for a few weeks, but he couldn't get SAEs at the time. Maybe all they are getting in are bulky bars and don't have the coins.