JP Morgan’s Alleged Manipulation of the Silver Market

Filed in Gold, GOld juniors, goldman sachs, inflation, shares, silver by on May 10, 2010 0 Comments

On Friday, something strange happened in silver markets. I was sitting at my desk, eating some Fritos and daydreaming about the weekend. Suddenly, silver spiked 5% and I was jolted out of my pleasant daze. Advertisement Trouble Finding Your Next Breakout Oil Play? The last time I heard a reader say that, I couldn’t believe it. Soon after, I let him in on just one of our Bakken secrets. That was a little more than a year ago, and now he’s sitting on more than 1,230% from trading just one stock. Still don’t think there’s money to be made? Don’t make another trade until you read my new report … The move happened fast and silver barely budged for the rest of the day. Clearly, something happened. Action like that shown in the chart below doesn’t just occur naturally in the market. The red line shows 1-day silver prices for Friday ( chart courtesy of kitco.com ). I walked over to my colleague Ian Cooper’s desk. “What the hell’s going on with silver?” I asked. He didn’t know. Nobody did. A news search turned up zilch. Gold was near flat and ended the day up less than 1%. The dollar was down, but only by 0.5% or so. So the silver move…

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JP Morgan’s Alleged Manipulation of the Silver Market

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