Silver Price Suppression

This paper is written as a response to market observers who opine, “how can the price of precious metals be suppressed when their prices have empirically gone up 4 fold and more over the past 10 years?” When we juxtapose Q3/2010 precious metals aggregates against Q4/2010 – we can see that J.P. Morgue and HSBC cumulatively added roughly 4 billion... Read more...

Silver Margin Change

There’s been a lot of buzz about today’s price action in gold and silver.  Beginning with the Monday push upwards based on the Zoellick op-ed in the Financial Times, the market surged upward through most of the day today and then hit a serious air pocket with gold falling 2% and silver falling almost 5% in a short period of time late in... Read more...

Ex-Goldman Trader Exposes JPMorgan, HSBC In Latest Silver Price Manipulation Class Action Lawsuit

Just as in fraudclosure, the PM manipulation lawsuits are now coming daily… Soon – hourly. From the just filed lawsuit by Eric Nalven, which references Andrew Maguire’s series of whistleblowing emails: “In connection with its acquisition of Bear Stearns in March 2008, defendant JPMorgan acquired massive short positions in the... Read more...

The Silver Alpha

A love affair with silver is so natural. The fundamentals are astoundingly positive and bullish in price prospects. My basic argument has been repeated many times. Industry has countless uses for silver, significant demand. But industry has only miniscule isolated uses for gold, in trivial demand. So silver wins on the Demand side of the equation. Central... Read more...

RICO Suit Filed Against HSBC And JPMorgan for Silver Market Manipulation

If JPM and HSBC hoped that the lawsuits filed a week ago by Brian Beatty and Peter Laskari, which we discussed previously, were going to be the end of their public exposure with regard to possible silver market manipulation, they are about to be disappointed. Today, in a separate lawsuit filed by Carl Loeb in the Southern District of New York, a new... Read more...

JPMorgan, HSBC Sued for Alleged Silver Conspiracy

JPMorgan Chase & Co and HSBC Holdings Plc were hit with two lawsuits on Wednesday by investors who accused them of conspiring to drive down silver prices, and reaping an estimated hundreds of millions of dollars of illegal profits. The banks, among the world’s largest, were accused of manipulating the market for COMEX silver futures and options... Read more...

Statement at the CFTC Public Meeting

By: CFTC Commissioner Bart Chilton I believe that there have been repeated attempts to influence prices in the silver markets.  There have been fraudulent efforts to persuade and deviously control that price.  Based on what I have been told by members of the public, and reviewed in publicly available documents, I believe violations to the Commodity... Read more...

CFTC’s Chilton Admits Silver Market Subject to “Fraudulent” Influences

If this is not some nasty and quite early April Fool’s joke, this is very, very bad news for JPMorgan: * BN CFTC CHILTON MAKES STATEMENT ON SILVER MARKET * BN * SILVER PRICES SUBJECT TO “FRAUDULENT” INFLUENCES, CHILTON SAY * BN *”REPEATED ATTEMPTS” MADE TO INFLUENCE SILVER MARKET, CHILTON * BN *SILVER MANIPULATION SHOULD... Read more...

CFTC Conspiracy Whistle Blower

CFTC Commissioners: For years I have been writing your organization and protesting the obvious manipulation of both gold and silver on the COMEX. Time and time again you stated and/or implied that I didn’t know what I was talking about and I was just another “conspiracy nut”. I finally came to the conclusion that your organization... Read more...

Retiring CFTC Judge: We Covered Up Market Manipulation

On September 17, 2010, CFTC Administrative Law Judge, George H Painter, issued a “Notice and Order” announcing his retirement from his position. In this notice Judge Painter wrote of a conspiracy at the highest levels of the CFTC (within the ENFORCEMENT DIVISION) where a long time judge of 20 years has been conspiring with past CFTC Chairs... Read more...

Mum’s the Word

Consider the extraordinary situation that currently exists in the silver market. We have the unprecedented circumstance of great numbers of investors and observers openly complaining to market regulators about an active manipulation in silver. This has never happened before.  There have been commodity manipulations but widespread knowledge of these... Read more...