Posted on 05/09/2010 3:52:48 PM PDT by TexasVoter
Federal agents have launched parallel criminal and civil probes of JPMorgan Chase and its trading activity in the precious metals market, The Post has learned.
The probes are centering on whether or not JPMorgan, a top derivatives holder in precious metals, acted improperly to depress the price of silver, sources said.
Read more: http://www.nypost.com/p/news/business/feds_probing_jpmorgan_trades_in_gZzMvWBqOJpB55M7Rh9vwM#ixzz0nTWmTvMl
(Excerpt) Read more at nypost.com ...
most likely they are acting on behalf of the federal government to suppress both gold and silver.
sort of like the Plunge Protection Team in reverse...
when are they going to investigate that?
glad I’ve been buying silver.
I got me a lot of silver
I had some silver once but I lost it and my guns in a tragic fishing accident.
D’oh! No market manipulation! Never! No story here, move on! JPMChase? I don’t believe it! Where are the Hunt brothers? Move on, move on. HA! Screw’em all!
Note that gold is down this evening, so far, and silver is flat. I would bet silver is being bought.
Note that gold is down this evening, so far, and silver is flat. I would bet silver is being bought.
I had the same accident but I also lost some gold and some ammo on top of that :)
Me too, along with trade goods.
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