silver price manipulation whistle blower assassination attempt

MrEnglish

The Anti-Trust Division's investigation to Morgan Chase may have been prompted by press reports being covered up linking Morgan Chase to silver market manipulation. Of course such press reports have arisen from the complaint brought to the March 25 hearing held by the U.S. Commodity Futures Trading Commission about trading practices in the precious metals futures markets. At that hearing the story was presented of London trader Andrew Maguire's attempt to walk the CFTC through an ongoing market manipulation by traders for Morgan Chase, and the CFTC's seeming lack of interest.

Maybe there should be regulators to regulate the regulators.

Why have they not done their job, to stop the manipulation and silver price suppression?

Asheron

This is why you need to buy Gold and Silver.

MrEnglish wrote: »

London metals trader Andrew Maguire has exposed the biggest fraud in the history of the world. On Thursday I read this http://www.gata.org/node/8466

Then on Sat they tried to kill him. http://gata.org/node/8477

He survived the attempt on his life and was able to give this interview. Well worth a listen.


http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/3/30_Andrew_Maguire_&_Adrian_Douglass_files/Andrew%20Maguire%203:30:2010.mp3


Its the biggest story for ages but not on the news anywhere!



This is a good sum up of the situation

http://www.youtube.com/watch?v=L5mFbMBMrkM

Really2

MrEnglish wrote: »

But thank you Really2 for a mature well researched post, it makes a change from some on here. Can you show where those charts came from?

Wiki.:o
But they are based of USGS data.

My view from the IT industry is we now use less silver than we did 10 years ago TBF. I think we could get away without using silver also ther is such things as non-silver solder, copper and fibre optic cable.;)

MrEnglish

Cleaver wrote: »

<serious mode>

One of the things I like about this little board is the stories behind stuff. It's great to hear fc123's experiences in retail, IveSeenTheLight's stories behind the properties he rents out, Generali's experiences in life etc. etc. There's loads of people like this on here, giving colour to topics and stories that can be a bit dry in real life. Having both the financial aspect and a bit about the personal life of the person allows you to put their decisions and opinions in a bit of context. It's much better than just reading about a subject on wikipedia, for example.

There's a thread on the Savings & Investment board that I often look at where people like Tradetime, tonygee, SabreToothTiger, cloud_dog, StevieJ and a few knowledable others discuss the UK stockmarket. I have never posted on it but it's a great read: respectful opinions of each other's investments, reasons behind their buys and a great deal of insight in to what is going on and how this effects equities. It often makes me go off and look at some of the shares they are interested in. Again, it's the reasoning, background and opinion that makes the thread interesting.

This is what I'd like from the gold and silver fans, but you never get it. I'd like to hear their circumstances in life, the percentage of money they've allocated to gold and silver, what is in the rest of their portfoilio (or why there isn't anything else in it if there isn't). What are their future plans? What's their target price? What do they see doing with the money once it's reached a target price? What's their exit point if the price drops? What price would tempt them back in? What age are they, and how does this relate to how much they have invested in it?

Apologies if this comes across as critical Ash and MrEnglish (and feel free to correct me if I'm wrong) but you don't ever give any of this interesting information. We get a few stories on some whistle-blower who got hit by a car, graphs showing house prices compared to gold and links to pretty awful websites or videos which just ramp gold or silver (similar to those awful property websites which do the same thing). We also get vague comments like "it won't be inflated away" or "it's better than paper money Cleaver". Which doesn't really say anything.

Maybe I'm wrong, but it all sounds a bit amateurish when compared to the thread I refered to above. These people seem to be quite seasoned investors and they are always questioning and second guessing themselves. They have confidence, but never any real certainty that what they are doing is 100% right. But they have a strategy that seems to change over time, and it makes very interesting reading. You guys don't seem to have any of this.

Shame really, because a bit more insight, opinion, intelligent analysis and reasoning behind silver and gold investment would interest me as I don't know much about it. Around 5% of my portfolio is in a gold-based fund, but that's more because I've read that's a sensible thing to do rather than a decision that gold is an amazing investment.

I'm not sure why I typed all of that when Asheron never bothers to type more than 12 words back. Ahh well.

</serious mode>

Cleaver hope you dont mind me quoting you on this thread because I feel the silver price suppression is most relevant.


I dont want to give too much personal information on here like how much silver I have because a few on here buy silver from me regularly.


All I know is Im getting so many personal messages about silver, it seems board members are scared to post! Some on here like Purch try to discredit or childishly make fun of anyone asking questions about gold and silver.



The facts are that the price suppression is coming to an end. The regulators the CFTC are investigating JP Morgan for suppressing the price of silver and on top of that also the Department of Justice also has started an investigation.

Its very similar to Goldman Sachs with the mortgages.




I remember in 2008 the price of silver was over $21 and raising. Shortages everywhere very hard to find real silver bullion.
The whistleblower informed the regulators the CFTC that JPMorgan are about to suppress the price of silver by selling a lot of paper promises of silver that they dont have. How much is a lot? Well some say it was more than was available on Earth.

These are facts that can be checked, and his emails were definitely while the price was over $20.

What happened?

Just as he said would happen they suppressed the price down to bellow $9 in a very short time indeed.

How can the price go from over $21 to under $9 in such a short time, when at the same time there are shortages of real silver?

I`ll tell you how. By JPMorgan selling huge amounts of paper promises of silver they dont have.

MrEnglish

07 May 2010 — In Treasury report, shocking evidence of silver price suppression
http://www.gata.org/node/8611
the real shocker is in silver. The precious metals (silver) derivatives of all maturities increased by a mind-boggling 37 percent, from $9.29 billion to $12.8 billion. This came principally from increases in the less-than-one-year maturities where the JPM holdings increased 34 percent to $6.76 billion and HSBC holdings increased 58 percent to $4.7 billion. (Despite the radically different percentage increases, interestingly the increases at JPM and HSBC were identical in dollar amounts at $1.7 billion.)

This increase in notional value of silver derivatives represents approximately 220 million ounces, which is 125 percent of the global production of silver during the quarter -- and that is only the increase. The entire notional value represents 106 percent of annual global production.

What possible legitimate purpose could such a monstrous derivative position be serving with a maturity of less than one year?

http://market-ticker.denninger.net/ar...
WASHINGTON (Dow Jones)--The U.S. Commodity Futures Trading Commission issued a warning to the market on Friday to remind participants that speculative trading limits apply throughout the trading day as well as at the end of trading.

Germany is ran out of gold and silver
http://www.westgold.de/html/prizeList...

ausverkauft = Sold Out

Manipulation of Precious-metals Market Under Fire
http://www.thenewamerican.com/index.p...
The banking cartels manipulation of supposedly free markets is coming under increasing fire as a broad coalition of activists, legislators, and non-profit groups target the Federal Reserve System with lawsuits, investigations, criminal complaints, and federal transparency legislation. Now whistleblowers, and even some government officials, are also taking aim at irregularities in the precious-metals market being orchestrated by the banking cartel and its government allies.

Gold Shortage Rumors Abound
http://wallstreetpit.com/26452-gold-s...
Fraud and rumors of fraud abound in the gold market.
The rumor sparking Kings comments goes like this: The London Bullion Market Association (LBMA) the UKs version of the Comex has almost no bullion in its vaults. That is, theres nothing backing the exchange contracts. And once its holdings are audited, the exchange will collapse.

http://www.youtube.com/watch?v=rIVz7Qwxw48&playnext_from=TL&videos=K0NKTZeXHvA&feature=sub

Kohoutek

Maybe you were right all along

Federal agents have launched parallel criminal and civil probes of JPMorgan Chase and its trading activity in the precious metals market, The Post has learned.

The probes are centering on whether or not JPMorgan, a top derivatives holder in precious metals, acted improperly to depress the price of silver, sources said.

http://www.nypost.com/p/news/business/feds_probing_jpmorgan_trades_in_gZzMvWBqOJpB55M7Rh9vwM#ixzz0nRBT7JuU

Asheron

http://www.zerohedge.com/article/civil-and-criminal-probes-launched-against-jp-morgan-silver-market-manipulation

BIG NEWS!

Cleaver

Asheron wrote: »

http://www.zerohedge.com/article/civil-and-criminal-probes-launched-against-jp-morgan-silver-market-manipulation

BIG NEWS!

That website's tagline is 'On a long enough timeline the survival rate for everyone is zero', and their main journalist is called Tyler Durden with the other journalists named after other 'Fight Club' chararcters. Absolutely love the absurdity of it all.

I was so into this kinda stuff when I was a teenager. I read 'Fight Club' when I was about 17 and decided I was going to be a renagade urban terrorist. That didn't really work out for me.

Asheron

New Delhi, May 9 (PTI) Buoyed by the success of its yellow metal retail, HDFC Bank is all set to venture into silver bar trade from next week.

"We will be selling silver bars from our branches starting from the auspicious day of Akshaya Tritiya (May 16)," HDFC Bank retail liabilities products group head Seshan Ramakrishnan told PTI.

HDFC Bank would be the first in the country to retail silver bars through its branches, he claimed.

To start with, the bank is launching 50 gram denomination silver bars, he said, adding, the bank can roll out other denominations in the future based on response.

The bank is already one of the leading players in the gold coins trade. Currently, gold coins are being sold through 1,400 branches across and last year on the Akshaya Tritiya day it sold 440 kg of gold, he said.

http://www.ptinews.com/news/645382_HDFC-Bank-to-start-silver-bar-trade-from-May-16

MrEnglish

Yes, it is really happening. After years and years and years of market manipulation, JPMorgan is about to realize there is only so far you can push your luck against the criminal envelope. In other news, when silver doubles shortly, Andrew Maguire is about to become a patron saint to generations of long-suffering gold and silver “bugs” the world throughout.

http://www.neurosoftware.ro/finance/insurance/stock-market/civil-and-criminal-probes-launched-against-jp-morgan-for-silver-market-manipulation/

The NYPost is still one of the only main stream media outlets who havent been silenced. How can the biggest fraud in history be kept off the front page?

http://www.nypost.com/p/news/business/feds_probing_jpmorgan_trades_in_gZzMvWBqOJpB55M7Rh9vwM#ixzz0nRBT7JuU