I just want to make sure I don't fry my LEDs.
Okay, everybody knows you can get 1vDC and 5vDC out of a PC power supply via the mokex power connector

Some web pages show one of the black wires as being the (-) for the 12v and the other being the (-) for the 5v, but others simply refer to both black wires as grounds.
Question: Can I use just 
one of the black (-) wires for 
both 12v and 5v simultaneously?   In other words, can I use a single molex plug and connect one thing to pins 
1 (5v) and 
2 (ground) to my 5v leds and  then connect 
4 (12v) and 
2 (the same ground) for my 12v leds and be okay even though I'm sharing the exact same black wire?
I know I've read that there's some kind of 'trick' to getting 7volts out of a molex plug by connecting some combination of wires together.  I do 
not want to do that.  I just want to be able to get both 12v and 5v while only using a single one of the black/ground/(-) wires.
I believe I can do this without issue, but I just want to make sure.
Thanks