muses of the moment

August 24, 2012

Good audio with Mr. Murphy

Filed under: Gold and Silver Investing, Precious metals, The Banking Crisis — totallygroovygirlfriday @ 9:53 am

Click here for a 7 min interview with Bill Murphy on JPM and their silver short position. Groovygirl agrees that at some point, JPM’s inherited silver short position will come to light in a scandal scenario. (And pop silver in the process.) However, gg’s bigger question is will JPM be bailed out from that position, has it already happened, or will misc investors take a bath (SLV)? Will it have a banking systemic effect? Don’t know. But JPM’s first quarter financials do raise concerns.

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