JP Morgan and Silver

Did JP Morgan Jump or Were They Pushed?

Letter written by a now ex-employee of JP Morgan (info got from one blog)

According to Max Keiser and now a couple of other independent sources, it seems the reasons why first Bear Stearns and now JPM are so desperate to manipulate the price of silver down is due to the fact that BS and JPM shorted billions (yes billions not millions) in ounces of silver through their derivatives.

Just like Joe Conason at AIG, silver shorting through derivatives have caused literally billions in losses not the millions that we know about publicly. That is why JPM has been so desperate to manipulate the price of silver downward so blatantly. If I am right about this, then JPM will be dead when silver hits $60 or so. Based upon the COT and BPR, if silver hits $60, JPM will lose around an additional $6 billion dollars, a large number but not nearly large enough to bring down mighty JPM.

But what is not known is that due to the way that its derivatives are written, JPM's losses are exponentional once silver breaks $36 or so. Rumors has it that JPM could be losing as much as $40 billion once silver is above $50. It has something to do with how the derivatives are written with payment tied to the price of silver.

JPM's current short silver position is estimated to be approximately 150 million ounces down from the recent 180 million ounces in August. The losses from these positions are easy to figure out. For every $10 rise in the price of silver, JPM will lose $1.5 billion. But what I have recently discovered is that through its derivative positions, JPM will lose about 5 times that amount ounce the price of silver is above $36. And ounce silver is above $45 dollars, JPM's losses will increase to 8 times the amount of losses in their short positions. The reason is that as the price of silver increases, certain provisions get activated which multiplies the losses.

One reader asks the question why isnt the price of JPM going down to reflect the lossesd in silver. My answer is that the price of silver is not high enough to begin to trigger losses in their derivative positions. But once silver approaches this critical level say around $36, then you should begin to see the price of JPM stock begin to reflect these losses.

In fact, traders are saying that once the price of silver surpasses the stock price of JPM, then for every dollar the price of silver go up, JPM should lose around 70 cents or so. This means that if silver hits $60, JPM will be a single digit stock.

JPM market cap is around $170 billion. If silver losses are as great as $40 billion in cash , then JPM will be insolvent. Period.

Gold Vs Silver

Silver at gold's price

If you invest $ 1000 both in gold and silver, which will give you more return in coming years?

Gold? No,

It will be silver which will give you more returns? To know how, continue reading.

* Gold will reach $3000 in few years, analysts say. Silver also will reach $3000 in coming years, may be faster than gold.

* With $1000, you can purchase 0.75 ounce (at approximate current range of $1350) and you can purchase silver 38 ounces of silver.

* Now if both, gold and silver touches $3000 then your invest of $1000 in gold will rise to $2250 and the same investment in silver will rise to $114000.

* Now, why we think gold and silver will be available at same price, though currently gold is trading at 19 times to that of silver?

• Silver is used in industrial applications like electrical components, automotives, prescription eyeglasses, solar cells, algaecides, and pharmaceuticals and it is really consumed. Once used up, it has gone. While main use of gold is in jewellery and is not consumed, it only keeps on changing, it is not consumed.
• We are currently using silver every year at twice the rate it’s being produced. We are currently using about 900 million ounces of silver each year (Which is increasing every year), but the world is only producing around 480 million ounces per year. We have silver in the ground, which will be utilized in 15-20 years. At that time, we won’t have any silver, and demand will be huge enough to explode the prices.

Now what can stop this rocketing price….

• Technology changes every day. If we find any replacement for silver, demand for silver can be reduced. But it is difficult to find equivalent quality in other metals.
• At higher prices, industrial usage of silver may be limited.

provide your feed back....

20 TIPS FOR A POSITIVE NEW YEAR by Jon Gordon

20 TIPS FOR A POSITIVE NEW YEAR by Jon Gordon
1. Stay Positive. You can listen to the cynics and doubters and believe that success is impossible or you can know that with faith and an optimistic attitude all things are possible. (Positive Influence)

2. When you wake up in the morning complete the following statement: My purpose is_______________________. (Accountability)

3. Take a morning walk of gratitude. I call it a “thank you walk.” It will create a fertile mind ready for success. (Valuing Others, Communication, Teamwork)

4. Instead of being disappointed about where you are think optimistically about where you are going. (Vision)

5. Eat breakfast like a king, lunch like a prince and dinner like a college kid with a maxed out charge card. (Accountability – to your health!)

6. Remember that adversity is not a dead-end but a detour to a better outcome. (Courage, Adaptability)

7. Focus on learning, loving, growing and serving. (Teachability, Valuing Others, Servant Leadership!!)

8. Believe that everything happens for a reason and expect good things to come out of challenging experiences. (Positive Influence, Teachability)

9. Don't waste your precious energy on gossip, energy vampires, issues of the past, negative thoughts or things you cannot control. Instead invest your energy in the positive present moment. (Positive Influence, Integrity, Valuing Others)

10. Mentor someone and be mentored by someone. (Teachablity, Valuing Others, Humility)

11. Live with the 3 E's. Energy, Enthusiasm, Empathy. (Positive Influence)

12. Remember there’s no substitute for hard work. (Accountability)

13. Zoom Focus. Each day when you wake up in the morning ask: “What are the three most important things I need to do today that will help me create the success I desire?” Then tune out all the distractions and focus on these actions. (Accountability)

14. Implement the www.NoComplainingRule.com. Complaining is like vomiting. Afterwards you feel better but everyone around you feels sick. (Integrity, Communication)

15. Read more books than you did in 2010. I happen to know of a few good ones. :) (Teachability)

16. Get more sleep. You can’t replace sleep with a double latte. (Accountability, Valuing Others – the more rested I am, the better I will serve my team!)

17. Focus on “Get to” vs “Have to.” Each day focus on what you get to do, not what you have to do. Life is a gift not an obligation. (Humility, Positive Influence)

18. Each night before you go to bed complete the following statements: (Humility)

1. I am thankful for __________.

2. Today I accomplished____________.

19. Smile and laugh more. They are natural anti-depressants. (Positive Influence, Teamwork, Valuing Others)

20. Enjoy the ride. You only have one ride through life so make the most of it and enjoy it. (Being a Servant Leader!)

How to find Last index of character in SQL Server 2008

How to find Last index of character in SQL Server 2008

Many times we need last index of specific character in given string (file processing/name processing)
In SQL Server.
Below is the function for it. you just need to run below function in your sql server.
And need to pass to parameter .
1) @strChar= String from which you find the last index of some Character.
2) @strChar = string/Character

CREATE FUNCTION LastIndexOf
(@strValue VARCHAR(4000),
@strChar VARCHAR(50))
RETURNS INT
AS
BEGIN
DECLARE @index INT

SET @index = 0
WHILE CHARINDEX(@strChar, @strValue) > 0
BEGIN
SET @index = @index + CASE WHEN CHARINDEX(@strChar, @strValue) > 1
THEN
(LEN(@strValue) - LEN(SUBSTRING(@strValue,CHARINDEX(@strChar, @strValue) + LEN(@strChar),LEN(@strValue))))
ELSE
1
END
SET @strValue = SUBSTRING(@strValue,CHARINDEX(@strChar, @strValue) + len(@strChar),LEN(@strValue))
END
RETURN @index
END
==============================================
RUN BELOW QUERY will return 6.
select DBO.LastIndexOf('12345.wmv','.')

===========================================

Best way to display default image if specified image file is not found?

Best way to display default image if specified image file is not found?
Many times in grid/repeater or even in image display we have a problem if we don’t find any image related to that ID/Record and to replace “X” sign or image not found message we need to do programming but here is the
Quick solution which saves lot’s of your time and also your server processing time.
Just put following code in your in your image control.
onerror="this.onerror=null;this.src='Noview.jpg'"
Below is the full code for that

Above code first try to found image at “FullLocationImage”,but if it don’t find an image at specified path it will show “NoViewImage”

INDIA V/S CHINA

Now days there are much more talks going regarding comparison between India and China.
I read a book Ragav Bahl's, which give me more clear idea regarding both countries. Below are some points from this book.
:: POINT 1 ::
In 2050, 300 million of China's 1.4 billion strong population will be over 65.By 2020, India will have a surplus of 47 million people of working age, the only major economy to do so.
:: POINT 2 ::
India's defence budget is $30 billion, as compared to China's defence spend of approx $200 billion a year.China consumes half the cement, a third of the steel and a quarter of the aluminum produced in the world.
:: POINT 3 ::
There are more than 100,000 Indian students in the US, closely followed by almost as many Chinese students.China claims that 120,000 sq km of land that India calls its, actually belongs to China.
:: POINT 4 ::
China and India added nearly half a trillion dollars to their combined GDP during the global recession.China spends an average of $1 billion a day on developing infrastructure.
:: POINT 5 ::
China today is investing nearly half its GDP; no other economy, at no other time in history, has invested capital on that scale.Nearly 58% of India's GDP is consumed by over a billion people, giving the country an organic strength.
:: POINT 6 ::
10 of the world's 30 fastest growing cities are in India; its urbanization rate at 30% is accelerating.With 350 million people proficient in English, India is the largest English-using country in the world.
:: POINT 7 ::
China has 13 times more people today than USA did in 1900, when it began its economic miracle.India is projected to be the world's third largest economy by 2050, behind USA and China.

:: POINT 8 ::
In 2009, China overtook the USA as the world's largest car market.India's GDP is now over $1 trillion; it is expected to double to $2 trillion by 2015.
:: POINT 9 ::
In the year 1600, China and India together accounted for more than 50% of the world's GDP.China successfully tested a nuclear device in 1964, ten years before India.

ModalPopup box Ajax Problem

Problem :
When you have two drop down (or any control) in ModalPopup box,
and by one's post back event you want another control's value need to bind or fill.
But if you are using ModalPopup box then there is two problem
1) SelectedIndexChanged event will not fire.
2) ModalPopup box Disappear.

Solution :
STEP 1:
Make your update pannel's update mode to conditional.
UpdateMode="Conditional"
STEP 2:
write down folloing JavaScript function in your page's Head section
function IndexChanged()
{
document.getElementById('<%= btnIndexChanged.ClientID %>').click();
}
STEP 3:
Make Dummy button and put it in below your drop down.


STEP 4 :
Write folloing code in your first drop down


STEP 5:
In your .CS code put folloing code
//CS Code
protected void drpGrade_SelectedIndexChanged(object sender, EventArgs e)
{
BindDrpFreind(Convert.ToInt32(drpGrade.SelectedValue));
mpAddFriend.Show();
}

Root Cause of Problem

ModalPopupBox is not able to capture postback event so we are calling one Javascript function and through that we call OnSelectedIndex changed of a drop down.

if you have any problem or query write me on viralpala@gmail.com