Msg. 14244 of 21975 (This msg. is a reply to
14242 by
DueDillinger)
Jump:
Due,
Do you trade SLV?
I was buying silver coins for awhile, but then I switched to buying units of SLV, instead - basically because it was easier and I could also use a 401(k) account to make purchases, too.
B.
The essential American soul is hard, isolate, stoic, and a killer. It has never yet melted. ~ D.H. Lawrence
Bigtime buying opportunity! Silver was due for a technical 'correction' and the banksters took it down today in concert with the fear and loathing in the markets.
Max Keiser's take:
JPM’s naked silver shorts pounding the Silver price down to below JPM’s stock price
The cost to JPM is to expand the liability on their balance sheet – of being exposed to hundreds in billions in naked silver shorts. When death to JPM comes, it will be like Enron (who also collateralized its stock price in a massive energy futures scam), and we’ll see a collapse to zero on the stock price in a day. And since JPM is the Fed, JPM will take the dollar down with it. The worst outcome of repealing Glass-Stagall was not the recombination of the ‘casino banks’ with deposit banks, but the new combination of a multi-trillion dollar casino bank (JPM) with the Fed. For this reason, this crisis is worse than than the ‘Great Depression’ as it will result in a US loss of sovereignty.
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