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

Discussion in 'Index Futures' started by ChDong, Dec 12, 2011.

  1. Priceless...
     
    #11     Dec 14, 2011
  2. ChDong

    ChDong

    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
     
    #12     Dec 14, 2011
  3. Pathetic. Resort to making stuff up now?
     
    #13     Dec 14, 2011
  4. When a recent reg comes here talking apocalypse I assume mental illness.
     
    #14     Dec 14, 2011
  5. They did him a favor, gold a lot lower now. He should thank them
     
    #15     Dec 14, 2011
  6. Mvector

    Mvector

    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.
     
    #16     Dec 14, 2011
  7. 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.
     
    #17     Dec 28, 2011