J.P. Morgan puts in 52 week low, death approaches from silver losses....

[Large Sarge]

http://networkedblogs.com/mOlXY

JPMorgan Sets 52 Week Low, Wynter Benton States The Morgue Nearing Death Over Silver Losses
Why is it that JPM is currently making new 52-week lows near $32 while the rest of the market and financials are experiencing a slight bounce? Will we see The Morgue in the $20's as soon as next week?





Wynter Benton's latest message this morning points out that JPM is making new 52 week lows yet we are not seeing new lows in the DOW, NASDAQ, S&P, or even in Bank of America (although BAC is back below $7 again).


Could it be the SILVER DEATH RATTLE?




Why is the mighty Morgue about to make a 52 week low?
Not even that POS BAC is close to the 52 week low, nor are the Dow, S&P, or the NAZ close to the 52 week low. So why is The Morgue about to go below $32? What will happen this weekend that might send The Morgue below $30 next week and perhaps into the teens by earnings date? Whatever can it be?

Yet some here still doubt that the Morgue will


.........do da, do da..........

Click here for the Wynter Benton thread

[Large Sarge]

http://networkedblogs.com/mOlXY

[Gaillo]

Is Blythe (the wicked witch of the east-coast) melting? ???

[Neuro]

The witch was exposed to light, and is melting IMHO, but wicked tricks is to be expected, before expiry...

[Neuro]

The thing is I think that JPM, BAC and CITI, may very well have been appointed to take the blame and the fall... Goldman Sachs however is the crown in the jewel, and it has been very quiet around them the last 2 years. I wouldn't be surprised if JPM has taken the short position in PM's, from GS, bank of America, has taken the brunt of real estate while GS went short mortgage, CHITI took over the rest of Gollum Sucks malinvestments, currency, PIIGS debt etc. They will have a bank left in the ashes that stands scott clean, in the end, approaching soon!

[osoab]

The thing is I think that JPM, BAC and CITI, may very well have been appointed to take the blame and the fall... Goldman Sachs however is the crown in the jewel, and it has been very quiet around them the last 2 years. I wouldn't be surprised if JPM has taken the short position in PM's, from GS, bank of America, has taken the brunt of real estate while GS went short mortgage, CHITI took over the rest of Gollum Sucks malinvestments, currency, PIIGS debt etc. They will have a bank left in the ashes that stands scott clean, in the end, approaching soon!


They can always pawn more off onto Freddie and Fannie. Don't forget AIG too. And there is Ally Financial (former GMAC). Why not dump some in some Euroland banks?

[Uncle Salty]

I wonder who the rogue silver trader is going to be? Blame the whole silver manipulation on a rogue trader who had created an offshore account to do his dirty work. That offshore account then goes belly up and the paper trail ends there.

[Neuro]

I wonder who the rogue silver trader is going to be? Blame the whole silver manipulation on a rogue trader who had created an offshore account to do his dirty work. That offshore account then goes belly up and the paper trail ends there.

No doubt that is a possibility. Emanuel Silverstein? Probably not... A gentile name is better...

Anyhow didn't JPM put all its commodity and PM trading in another company, already?

[osoab]

http://www.youtube.com/watch?v=XUFfeTjuPeg


http://www.youtube.com/watch?v=XUFfeTjuPeg