JPM Silver Manipulators to be named (King World News)

Bring it on.

Then we might know who knows ...and how deep it goes :)
 
The only interesting thing i found in the lawsuit was that Bear Sterns had a large short silver position as well and JPM knew? they could have un-wound there short position causing Bear lots of pain and bankruptcy?

I haven't read the whole class action but to be clear, there is nothing bad/un-ethical about having a short position on something. I found allot of the hardcore stackers find the whole idea of being able to short somewhat evil.

I somewhat find it hard to believe banks would be working together/coercing on any investment as the risk of any one party pulling out and wiping out the others would be considered. But i may be wrong.
 
Nukz said:
The only interesting thing i found in the lawsuit was that Bear Sterns had a large short silver position as well and JPM knew? they could have un-wound there short position causing Bear lots of pain and bankruptcy?

I haven't read the whole class action but to be clear, there is nothing bad/un-ethical about having a short position on something. I found allot of the hardcore stackers find the whole idea of being able to short somewhat evil.

I somewhat find it hard to believe banks would be working together/coercing on any investment as the risk of any one party pulling out and wiping out the others would be considered. But i may be wrong.
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These class as breaches of the Commodity Exchange Act' and the Sherman Act (both Federal laws).
 
now now boyz ... have you (already) forgotten that silver is NOT being manipulated!

John said so and i believe him cos he's one of the very few who correctly foretold the silver crash in April...

Besides... he used to believe in the silver manipulation story but has over the last year or so matured and undergone a Damascus Experience... Those who still believe in the manipulation story are part of the silver liberation army and are doomed to failure in my opinion!
 
wow
you really do read selectively. Just so I can try and stop the spread of dis-information.

He said, not ALL price drops are manipulation. He does believe the price of silver IS or WAS manipulated, but not all price drops are due to manipulation. The price take down at easter, was one of them he said was NOT manipulation. I'm not a guru on topics such as these, but even I understood speculation bought the price up and bought the price down.
 
Thanks for clearing that up Unfunkable. I guess i must have missed some of his recent vids which put that into perspective.

do you have any links?
 
unfunkable said:
wow
you really do read selectively. Just so I can try and stop the spread of dis-information.

He said, not ALL price drops are manipulation. He does believe the price of silver IS or WAS manipulated, but not all price drops are due to manipulation. The price take down at easter, was one of them he said was NOT manipulation. I'm not a guru on topics such as these, but even I understood speculation bought the price up and bought the price down.
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I'm not clear what you're refering to. I couldn't see those statements or opinions mentioned in the leaked text of the class action (Mind you I don't have the full 104 page document, only the points released by king world news on the link provided).

If however, you're refering to "he" as in Mcguire in his interview from over a year ago, well then you're comparing apples with oranges. Regardless of his opinions, this case will be settled in court by legal-eagles based on intrepretation of the laws mentioned in the class action. Mcguire's just a whistleblower, someone else has taken on this fight. He's now just a witness. Regardless of his opinion, it's now up to others to investigate, test the allegations and if need be charge those people and companies named.
 
Clawhammer said:
unfunkable said:
wow
you really do read selectively. Just so I can try and stop the spread of dis-information.

He said, not ALL price drops are manipulation. He does believe the price of silver IS or WAS manipulated, but not all price drops are due to manipulation. The price take down at easter, was one of them he said was NOT manipulation. I'm not a guru on topics such as these, but even I understood speculation bought the price up and bought the price down.
Click to expand...

I'm not clear what you're refering to. I couldn't see those statements or opinions mentioned in the leaked text of the class action (Mind you I don't have the full 104 page document, only the points released by king world news on the link provided).

If however, you're refering to "he" as in Mcguire's in his interview over a year ago, well then you're comparing apples with oranges. Regardless of his opinions, this case will be settled in court by legal-eagles based on intrepretation of the laws mentioned in the class action. Mcguire's just a whistleblower, someone else has taken on this fight. He's now just a witness.
Click to expand...

oops
i meant yky
 
unfunkable said:
wow
you really do read selectively. Just so I can try and stop the spread of dis-information.

He said, not ALL price drops are manipulation. He does believe the price of silver IS or WAS manipulated, but not all price drops are due to manipulation. The price take down at easter, was one of them he said was NOT manipulation. I'm not a guru on topics such as these, but even I understood speculation bought the price up and bought the price down.
Click to expand...

Have you had a look at the chart for the wee hours of the big monday morning drop. Maybe some trader left his idiot cousin at his desk while getting his early morning coffee? :lol:
 
It seems to be the way - J.P. Morgan builds a huge ship, gets cocky, and it sinks taking innocent people with it....
 
unfunkable said:
wow
you really do read selectively. Just so I can try and stop the spread of dis-information.

He said, not ALL price drops are manipulation. He does believe the price of silver IS or WAS manipulated, but not all price drops are due to manipulation. The price take down at easter, was one of them he said was NOT manipulation. I'm not a guru on topics such as these, but even I understood speculation bought the price up and bought the price down.
Click to expand...

I must confess I haven't followed much of his recent stuff on youtube - I'm basing my comments on what he has recently said here on SS.

John - perhaps you can comment in person? Would be good to get your take on the JPM manipulation topic as you see it now ...
 
*yawn*

First of all give me the 104 page document in full, otherwise I call bullshit on the whole article. I can't see any reason to beleive it yet.
Secondly if true it will come to nothing.
 
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