Wednesday, October 27, 2010

JPMorgan, HSBC Sued For Silver Market Manipulation

Finally. No one will ever accuse me of being a conspiracy theorist anymore. Whether JPMorgan and HSBC will be found guilty or not is immaterial. They will surely settle without admitting guilt, and pay a hefty fine to make it go away. But the blatant price suppression of silver (and gold) will finally end if justice is served.

The horse is out of the barn, and expect precious metals prices to rise again as shorts are forced to cover. And if longs insist on physical delivery, a short squeeze will trample shorts dumb enough to not cover.

Silver, bitchez!

See disclaimers in the side bar.

Disclosure: long precious metals mining shares.

No comments:

Post a Comment