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.

http://www.zerohedge.com/article/jpm-hsbc-sued-conspiracy-keep-silver-price-low-reaping-billions-illegal-profits

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.

The case against gold

In order to be impartial, I present the bearish case for gold. Good luck with that.

http://finance.fortune.cnn.com/2010/09/29/the-case-against-gold/