"The Plan"?
posted on
Dec 14, 2010 02:14PM
(Edit this Message from the "Fast Facts" Section)
So, the evil umpire JPM, has publicly announced it is “planning” to reduce its massive silver shorts and all will be well. Wonder who took up their cause to help them out of this little problem? What is their grand plan?…after all everyone is breathing down their back from the CFTC to all the sharks who smell blood in the water….and time is of the essence. Let’s see, can they do it by early Feb.? How?
Rumor has it they are cornering the silver market and driving prices up, not by supply- demand fundamentals but by cash flows. Sound plausible? So, they are long copper (with the help of their friends), and leveraged up the ying yang. Copper goes nuts until trigger day (say Feb.) and then JP goes massive short and the false top in “doctor copper” plunges to the basement. Meanwhile, gold and silver have reached all time highs of $1650 and $50?....As Stewart Thompson says, “Fudd” will be ripe for the picking.
On “trigger” day, gold and silver, but especially silver, plunge in sympathy with copper if all goes well with “the plan” (with help from their FRIEND). Of course JPM has been long silver and gold as well…but now short… both and highly leveraged …having already made billions in their long positions. Say gold goes to $1200 and silver to $20…it doesn’t have to be for long…even a few days… JPM makes billions.
JPM thanks those who swapped their earlier short positions and pays them handsomely. JPM is out of their paper shorts. JPM buys long …highly leveraged…at the orchestrated temporary bottom in gold and silver…as the PMs soar in the new parabolic phase to $2000 and $200. They make more billions.
Somehow in all this, large tonnages of both gold and silver are purchased on behalf of the Fed. to replenish their empty vaults….or, gold is “revalued” to an appropriate level to level the playing field.
Just a possible scenario…maybe a bit crazy with lots of loopholes…like the physical markets…but who knows? They sure aren’t sitting on their duffs waiting to be shark bait I wouldn’t think.
On the other hand, because there is always another hand, JPM could be a big loser as the global sharks anticipate all this and initiate their own “plan”.