The TradingEdge

[rotor1]

Somethings coming down the pike

Think it started with the unprecedented appearance of Blythe Masters on TeeVee recently to deny that the Morgue would ever be guilty of naked shorting Silver, more that their position was as white as white aka just hedging for clients. Now we have Dimon admitting that he has no idea what is going on in the firm and that they screwed up, the real amounts involved could be multiples of the sum mentioned but again just hedging!! It all looks to be part of a softening up process for something potentially bigger.

The problem with these top people is they have been divorced from reality so long, they can't differentiate between what is truthfull or just downright crap.

As a sidenote, COT Silver data says it's about ready to go, but the data is way out of date before it's released - so we await the next episode.

Good trades