JP Morgan Crashed MF Global to Avert COMEX Failure, European Derivatives Implosion

[ASusilovic]

Quote from Clubber Lang:

Ughhhhh.

ET has hit another new low.

Priceless...

 

[ChDong]

Quote from ASusilovic:

Priceless...

Is this priceless too

Caught on camera: top lobbyists boasting how they influence the Government
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If you think that deals are not done behind closed doors, you are deluding yourself

 

[athlonmank8]

Pathetic. Resort to making stuff up now?

 

[stock777]

Quote from Tsing Tao:

Don't be surprised when ChDong turns out to be another c-kid sock puppet.

When a recent reg comes here talking apocalypse I assume mental illness.

 

[stock777]

Quote from ChDong:

Gerald Celente had his own six figure gold investment account completely looted just as he was about to go physical bullion

by chapter 11 trustees, and he is fighting to get it back.

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They did him a favor, gold a lot lower now. He should thank them

 

[Mvector]

Quote from Businessman:

IIRC in the very first interview he gave after the MFG failure he said he was rolling over the gold contracts every time they expired. Then in subsequent interviews he changed his story to one about how he was planning on taking delivery.

Gerald did say he was going to take deliveries at the end of this year in a radio interview I listened to months ago - before Mother Fuc**** Global collapse news.

 

[bwolinsky]

Quote from Businessman:

IIRC in the very first interview he gave after the MFG failure he said he was rolling over the gold contracts every time they expired. Then in subsequent interviews he changed his story to one about how he was planning on taking delivery.

No, Businessman, that's not what he said.

His story is probably the same in both places, but here's what he said to paraphrase: I take possesion of bullion after I've made enough money to (take possesion) and pay for the contract.

He implies that he makes futures bets, and if he makes enough money, he'll buy and accept delivery assignment of the bullion, and if he has to rollover, he will, waiting to earn enough profit to take possesion of more bullion. Not every rollover then is an actual rollover, his account appreciates, and if he has enough, then he'll take delivery. I think he's explaining himself consistently in both places.