BDR 0.00% 6.5¢ beadell resources limited

Next Leg Up $1336, page-47

  1. 11,173 Posts.
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    I find this focus on DB interesting. As its the Fed it could well be Goldman Sachs in trouble ... if they've actually followed their top 7 trades of six months ago, and then the gold short (twice), they'd be on the brink. They must be down heavily on their gold short and their shrill call this week to short gold had a ring of panic to it
    While DB has more gross derivatives than GS, it also has more assets. So about $75 trillion of derivatives to $1.5 trillion of assets (although a lot of these assets are dodgy, eg bad loans etc). So DB has a gearing of 50:1.

    My figures are a few years old but GS is the most highly geared to derivatives of just about any bank ... it was up to its eyeballs in 2013 and probably even worse now. So whereas JP Morgan had the most derivatives, nearly $80 trillion, even more than DB, it had nearly $2 trillion in assets, lol, or a gearing of 40:1.

    GS had about $40 trillion in derivatives but only $80 billion in assets. So GS was geared 500:1

    Bbbbwwwaaaahahahahaha!!!!!!!!!!

    PS: It's typical of the banksters to focus on everyone other than themselves
 
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