Is Silver Sick ?

Posted by admin on March 28th, 2010 filed in blog, ffmpeg

GATA has a story about manipulation of Silver and Gold prices which, if true, would not surprise me at all. After all, the same people and companies were spewing out worthless AAA grade Mortgage based securities.

“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.”

Would it not be nice if this time around we would see action sooner rather then waiting for the bust ?

Just my 2c. Where are the investigating reporters ?