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Country
1000+ Penny Miser Member
USA
3121 Posts |
 Posted - 05/09/2010 : 18:51:01
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---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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Bluegill
1000+ Penny Miser Member
USA
1964 Posts |
Posted - 05/09/2010 : 21:11:28
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Seeing as how JP Morgan is part of the PTB Banking Cartel that literally runs this country along with Goldman Sachs, I see nothing coming from this. Just like the Goldman Sachs dog and pony show.
We'll see the usual boisterous antics from a few loudmouth senators on C-span and CNBC, and then it will just fade away.
Don't be surprised if another pseudo terrorist attempt happens in the next week or so... Or another oil industry accident... Or some other diversionary stunt.
But.., seeing as how the sheeple don't understand real money, they probably could not care less. This story may fade away even faster yet now that I'm thinking about it.
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 05/09/2010 : 22:23:44
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I loved this part of the article:
Last week, The Post got a telling e-mail the Justice Dept. sent to a concerned investor. "Thank you for your e-mail regarding allegations that JPMorgan Chase, and perhaps other traders, are manipulating the silver futures market," the e-mail read.
Telling, indeed, as the concerned investor, in an e-mail to Justice's Anti-trust division, never mentioned any companies or traders. 
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Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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Copper Catcher
Administrator
USA
2092 Posts |
Posted - 05/10/2010 : 06:59:59
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A little wrist slapping then it will be brushed under the rug like most things. What can JP & GS say really other than, Yep, we did it: How much do we pay in a fine?
Also, why is the NY Post is reporting this and no one else? I guess $6.76 billion is too small of an amount to be concerned over. |
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brian0918
Penny Collector Member
USA
315 Posts |
Posted - 05/10/2010 : 20:07:56
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| In a free market, there would be nothing wrong with JP Morgan's actions. Whether insider trading or massive shorting - all are good things for the market and add information that was not previously available, which ultimately leads to stability. However, we are far from a free market, so I cannot say they are free from fault. |
"The man who speaks to you of sacrifice, speaks of slaves and masters. And intends to be the master." -- Ayn Rand
Searched: $2230 Nickels; Liberty: 1; Buffalo: 4; War: 20; 2009: 2; 2010D: 8 |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 05/11/2010 : 08:08:24
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SILVER has been on a tear since this report came out. It has moved up another 63c this morning to $19.13. Could the SILVER manipulation be OVER!! 
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---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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Edited by - Country on 05/11/2010 08:11:13 |
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Copper Catcher
Administrator
USA
2092 Posts |
Posted - 05/11/2010 : 08:44:11
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| A little slower rise in price please....Rest assured there will be some profit taking going on to cause a pull back. |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 05/12/2010 : 07:05:49
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MS-JPM probed by the FED for their involvement in CDOs. The pressure is on - these crooks won't be able to play their games with the SILVER futures market right now. SILVER IS GOING UP. 
Some hedge funds may tackle MS-JPM in a massive SILVER short squeeze as MS-JPM is frozen because of FED investigations.
$20 SILVER possible today!!! Short squeeze in progress?? |
---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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Edited by - Country on 05/12/2010 09:36:57 |
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Copper Catcher
Administrator
USA
2092 Posts |
Posted - 05/12/2010 : 09:48:04
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| I'm all for the prices of both gold and silver to skyrocket, it is over due. However, I will jump out and make a prediction that in the not to distant future we will see a special "commodity tax" for the purchase of precious metals and there will be reporting requirements as well. |
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Bluegill
1000+ Penny Miser Member
USA
1964 Posts |
Posted - 05/12/2010 : 11:15:01
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quote:
Originally posted by Country
MS-JPM probed by the FED for their involvement in CDOs. The pressure is on - these crooks won't be able to play their games with the SILVER futures market right now. SILVER IS GOING UP.
Some hedge funds may tackle MS-JPM in a massive SILVER short squeeze as MS-JPM is frozen because of FED investigations.
$20 SILVER possible today!!! Short squeeze in progress??
JPM, along with GS is part of the cartel that is the FED... What pressure..?
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Bluegill
1000+ Penny Miser Member
USA
1964 Posts |
Posted - 05/12/2010 : 11:17:54
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quote:
Originally posted by Copper Catcher
I'm all for the prices of both gold and silver to skyrocket, it is over due. However, I will jump out and make a prediction that in the not to distant future we will see a special "commodity tax" for the purchase of precious metals and there will be reporting requirements as well.
I have been saying that for quiiiite some time now. They will confiscate the preserved wealth of our PM's. They don't need to do it physically.
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brian0918
Penny Collector Member
USA
315 Posts |
Posted - 05/13/2010 : 18:29:34
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| Precious metal trades will simply go more and more underground and local, and - like the price of drugs - will ultimately inflate their value. |
"The man who speaks to you of sacrifice, speaks of slaves and masters. And intends to be the master." -- Ayn Rand
Searched: $2230 Nickels; Liberty: 1; Buffalo: 4; War: 20; 2009: 2; 2010D: 8 |
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Feds probing JPMorgan trades in silver pit
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