JP Morgan Silver Manipulation

[midwesterner (banned)]

Silver Manipulation by JP Morgan via Max Keiser and Alan Grayson


Death Of Dollar Via Gold/Silver Manipulation? (CRASH JP MORGAN!) Mike Maloney

[midwesterner (banned)]

Another class-action silver manipulation suit hits Morgan, HSBC
www.gata.org/node/9261
Kaplan Fox Sues JP Morgan and HSBC on Behalf of Investors
for Silver Futures and Options Contract Losses Caused by Market Manipulation

www.marketwire.com/press-release/Kaplan-Fox-Sues-JP-Morgan-HSBC-o...

NEW YORK -- On November 2, 2010, Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com), a leading plaintiffs' firm, filed a class-action complaint in the U.S. District Court for the Southern District of New York on behalf of an individual investor against JP Morgan Chase and HSBC in connection with their alleged conspiracy and manipulation of the market for silver futures and options contracts traded on COMEX.

To view a copy of the complaint:

www.kaplanfox.com/templates/kaplanfox/images/content/pdfs/silver%...

The complaint alleges that around June 2008, when JP Morgan acquired Bear Stearns, including Bear Stearns' short positions in silver futures, JP Morgan and HSBC commenced a conspiracy to manipulate, and did manipulate, the market for silver futures and options contracts on COMEX. Specifically, the complaint alleges that around this time, JP Morgan and HSBC, pursuant to their conspiracy, acquired massive short positions on silver futures contracts in an effort to artificially depress the price of the silver futures market. The defendants realized substantial illegal profits in connection with their scheme, while investors who had no knowledge of the scheme, lost substantial amounts of money because of the defendants' conduct.

The complaint further alleges that the defendants' illegal scheme continued until around March 2010, when a metals trader based in London, publicly exposed the scheme. This trader has reported the scheme to the Commodity Futures Trading Commission ("CFTC"), and both the CFTC and the Antitrust Division of the United States Department of Justice are investigating the alleged conspiratorial and manipulative activities of the defendants.

A London trader walks the CFTC through a silver manipulation in advance
www.gata.org/node/8466

On March 23, 2010, GATA Director Adrian Douglas was contacted by a whistleblower by the name of Andrew Maguire. Maguire is a metals trader in London. He has been told first-hand by traders working for JPMorganChase that JPMorganChase manipulates the precious metals markets, and they have bragged to how they make money doing so.

In November 2009 Maguire contacted the CFTC enforcement division to report this criminal activity. He described in detail the way JPMorgan Chase signals to the market its intention to take down the precious metals. Traders recognize these signals and make money shorting the metals alongside JPM. Maguire explained how there are routine market manipulations at the time of option expiry, non-farm payroll data releases, and COMEX contract rollover, as well as ad-hoc events.

In an e-mail on February 5 Maguire wrote: "It is common knowledge here in London among the metals traders that it is JPM's intent to flush out and cover as many shorts as possible prior to any discussion in March about position limits. I feel sorry for all those not in this loop. A serious amount of money was made and lost today and in my opinion as a result of the CFTC's allowing by your own definition an illegal concentrated and manipulative position to continue."

Expiry of the COMEX April call options is tomorrow, March 26. There was large open interest in strikes from $1,100 to $1,150 in gold. As always happens month after month, HSBC and JPM sell short in large quantities to overwhelm all bids and make unsuspecting option holders lose their money. As predicted by GATA, the manipulation started on March 19, when gold was trading at $1,126. Last night it traded at $1,085.

This is how much the gold cartel fears the CFTC's enforcement division. They thumb their noses at you because in more than a decade of complaints and 18 months of a silver market manipulation investigation nothing has been done to stop them. And this is why JPM's cocky and arrogant traders in London are able to brag that they manipulate the market.

This is an outrage and we are making available to the press the e-mails from Maguire wherein he warns of a manipulative event.

Additionally Maguire informed us that he has tape recordings of his telephone communications with the CFTC, which we are taking the appropriate legal steps to acquire.

[midwesterner (banned)]

Silver Manipulation Whitlesblower caught in hit and run
www.nypost.com/p/news/business/jpmorgan_chase_story_in_uk_DsMN4PnXFoQG5KdevIsQ7N

A London-based precious-metals trader who had accused JPMorgan Chase of manipulating the gold and silver markets was involved in a bizarre weekend car accident that triggered a police chase before the suspect was nabbed.

Andrew Maguire, a metals trader at the London Bullion Market Association, and his wife were traveling in their car when a second car coming out of a side street struck their vehicle. That car then hit two more vehicles before fleeing.

London cops using helicopters and patrol cars chased the hit-and-run driver before nabbing that person, whose name has not been released by authorities.

The hit and run occurred after Maguire's name came to light Thursday during a US Commodities Futures Trading Commission hearing on limiting gold and silver positions held by large market participants in order to prevent manipulation.

During the hearing, Maguire was identified as having sent e-mails to Bart Chilton, a CFTC commissioner, and Eliud Ramirez, head of the commission's enforcement division, alleging that JPMorgan had used its massive metals positions to manipulate the commodities markets.

In one e-mail, Maguire wrote, "It is common knowledge here in London among the metals traders that it is JPM's intent to flush out and cover as many shorts as possible prior to any discussion in March about position limits," referring to last week's CFTC hearings.

JPMorgan inherited the positions when it acquired Bear Stearns two years ago.

When the allegations first surfaced last week, JPMorgan declined to comment.

Assassination Attempt On Silver Whistleblower - Max Keiser

[midwesterner (banned)]

Bill Murphy of GATA Speaks to CFTC

Bill Murphy, Chairman of the Gold Anti-Trust Action Committee delivers his testimony about gold price suppression to the Commodity Futures Trading Commission on 3/25/10.

Part 2/2: Bill Murphy of GATA reveals whistle blower Andrew MaGuire to CFTC 3-25-2010


Conspiracy Theory w/Jesse Ventura (Part 1 of 4) • November 5th, 2010 3:20 in to video for silver info

[midwesterner (banned)]

CRASH JP MORGAN Buy Silver - Manipulation Explained


1/3 Buy Silver & Gold! (and CRASH JP MORGAN!) Max Keiser & Mike Maloney In Paris


EP 2/3 Keiser/Maloney Buy Silver & Gold (And Crash JP Morgan!)


3/3 Keiser/Maloney Buy Silver & Gold! (AND CRASH JP MORGAN!)

[decoy409]

Nothing Has Changed.............!

[decoy409]

Well of all people sunrnr you did it for me! Why you have been

[lifewasgood]

[jarhead1976]

I have heard that when the price of silver goes above their stock price, that's when the fall of the house of Morgan begins?

[lifewasgood]

Don't believe that for a minute. The Banking cartel is way to powerful, I would predict a new world reserve currency backed by some percentage of gold and silver and the outlaw of trading in metals except for central banks. Stake Holders in the big banking ponzi will not go down or away, they will just change the rules to keep the ponzi going strong. Don't Think so? Just look at the profiteers since the great financial collapse.

[Aman A.K.A. Ahamburger]

Lets not forget that not long ago WE had aboslutly nothing.... your right wxyz. Bummer...

[decoy409]

Now Metal Heads you see who is who right here in this post (or you see the two sock puppets directly above). As I said who is who will show as well it all comes out in the wash.
I never did like sock puppets. And here are two above that have been,DISCREDITED.

Guest Post: Anatomy Of Silver Manipulation - How Low Can It Go?
www.zerohedge.com/article/guest-post-anatomy-silver-manipulation-how-low-can-it-go

And by the way. I am in a EXCELLENT MODE this morning with such EXCELLENT NEWS!

[decoy409]

So the cat's out of the bag.

[Aman A.K.A. Ahamburger]

Your right, your telling people to invest directly in the asset your praising people for exposing for being one of the greatest ponzi schemes of all time.. Great job Madoff!!

[Driftr]

Interesting Denninger about the recent margin hikes and what it tells us:
market-ticker.org/akcs-www?post=185799

Money quote IMO:

But if I'm carrying leverage, then I can be forced to close a position that I'd otherwise prefer to keep open. The important point here is that this requirement to close comes upon both shorts and longs equally, since the margin requirement is imposed equally.

Remember what we've been told about silver: The meteoric rise in price was not due to leveraged speculation. Rather, it was due to physical demand and capital preservation investment.

Oh really? Then why is it that as soon as margins were increased it was only the long positions that, on balance, were forced to close out, dropping price from nearly $50/oz to $33 in a couple of days? Why weren't shorts squeezed out of their positions, which would have forced buying and driven price higher?

That's simple: The leverage was on the long side, on balance. That is, what you have been told for the last two years was a bald lie.

[Deleted]

Drftr

I agree

There has been rampant speculation in the metals for 2+ years now

There ARE valid reasons for some of the rise as Decoy has pointed out

But the meteoric rise of the prices was also due to the rampant speculation from a number of sources

I expect prices to level off....and maybe even near the 35-40 area

Depending on what happens to rates....and whether or not there is a QE3 will determine what happens from there

If QE3...then the metal head predictions of $ 100 oz could happen

[decoy409]

Here is how to twist things up,duck and cover,be a sock puppet,help the manipulation to continue and steer others in to further demise of our country all rolled up in one.

Quote from sock puppet above: Your right, your telling people to invest directly in the asset your praising people for exposing for being one of the greatest ponzi schemes of all time.. Great job Madoff!!
(end)

This is how you know that they are sock puppets! They love to twist and distort yet they VERY SELDOM tell TRUTH,just HALF TRUTHS.

Now if the sock puppet wanted to discuss the MANIPULATION and why you should buy PHYSICAL holdings of GLD & SLV then he would have pointed out the PONZI SCHEME in play. But instead these sock puppets will hold up PONZI as not going on.

So SOCK PUPPET today would you like to take yourself out of being one??? I know you do not like being called sock puppet. So in all fairness (on my behalf that is) I give you a oppurtunity to show your TRUE side.

Now it's up to you to show us if you are a sock puppet or not. Here is the article as HOW THEY ARE MANIPULATING THE MARKET. The Physical Delivery is IMPOSSIBLE to keep up with. The Fed is loaning whatever is needed to pick up on the paper,but the Fed can not deliver physical. Your ceiling debt is wound back again and big things come down in June. Your housing,Employment,Inflation,Broke States and sold off down the road jobs to other countries have left the house,and your market has been infused with more than $12.8 TRILLION DOLLARS in the past 3 years.

Yet everyday the sock puppets come to see how much they can help rape and pilfer from the US people.

So you want to stop being a sock puppet?

Here is the article,and the rest you can find on the market board as to who is buying up what. Force the hand of the culprits and buy PHYSICAL!

www.zerohedge.com/article/guest-p....w-low-can-it-go

[decoy409]

#19 - is straight forward. And we see how 'Duck and Cover' holds TRUE.

[decoy409]

Once again, #19 is straight forward and those that help to inhibit as CLEARLY POINTED OUT will simply, duck and cover.

[Driftr]

I love it when Denninger does charts.

market-ticker.org/akcs-www?get_gallerynr=1664

[decoy409]

Why it's the late night guy that is unable to defend his position,#19 that is.

[Aman A.K.A. Ahamburger]

Why don't you check out my new thread?..

[decoy409]

Treasury Auctions to Take US Over Debt Limit on 5/16

[Aman A.K.A. Ahamburger]

I know you think the end of America is funny decoy, it must suck to hate your own country!

USA, USA!

[decoy409]

Na it don't suck. But what does is when pundits don't like to fess up to who is buying up the paper and the cake coming from the Fed to do so. But that's ok. Somebody has to come up with the physical,and those deliveries are...well...just a tad light.

[Aman A.K.A. Ahamburger]

May 11, 2011 23:22:04 GMT -5 @wxyz said:

Driftr

Your chart above is hilarious. How true.

Yep!! k4u in 2o min!

[decoy409]

It's a GREAT DAY!

Last night we had another revealed and that would be the one that can not and will not own up to #19 as addressed. I was already quite certain of where they stood and they affirmed that now.

[Aman A.K.A. Ahamburger]

You a fan of Stevie Y or what?? #19 is a great number. Check out my new thread, you get it yet??

[resume]

May 11, 2011 14:00:15 GMT -5 Driftr said:

I love it when Denninger does charts.

market-ticker.org/akcs-www?get_gallerynr=1664

MOMMYYYY!

[Aman A.K.A. Ahamburger]

As usual, when faced with the unexpected, you've got NOTHING..

HOWDY WALEYE!!!..