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Reged: 05/06/08 Posts: 6695 |
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These articles are pretty mind blowing. How the initial trigger for Bear Sterns collapse was a margin call on 2.5B of COMEX short positions on silver the same day they collapsed. Quote: https://mikesmoneytalks.ca/gold Drexel opens massive COMEX silver short position ----> goes bankrupt transfers to--->AIG Trading---->short positions transferred to ---> Bear Sterns --> Bear Sterns collapses (sub prime crisis and margin called on gold/silver) --->JP Morgan buys out Bear Sterns and gains their short COMEX silver short positions Doesn't look like a good track record!
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