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NY Post Reiterates King World News Story on JPM Criminal Investigation by Feds for Silver Manipulation

A week ago, in two blockbuster interviews, Eric King of King World News broke the story of a possible criminal investigation by the Department of Justice into JP Morgan Chase's involvement in the manipulation of silver prices. King interviewed both Ted Butler and Jim Rickards regarding communications from the DOJ received by one of Butler's subscribers, confirming the DOJ's interest.

A few days later, Rickards mentioned the possible DOJ investigation into JPM on CNBC.

Now the NY Post is reiterating the story that King broke last week:

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.

The Commodities Futures Trade Commission is looking into civil charges, and the Department of Justice's Antitrust Division is handling the criminal probe, according to sources, who did not wish to be identified due to the sensitive nature of the information.

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This is just the tip of the iceberg of a huge story. Stay tuned to the Daily Paul & King World News to be the first to hear more on this breaking story.

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I have absolutely no faith in

the DOJ or the FBI. They are moreso controlled than the senate or the Congress. These people are truly non elected employees, not that there is a huge difference. Bought is bought. Blackmail is same.

Just one last kick in the nuts, then a final deathblow

Overseas precious metals market just opened,.. flat and down!

Doesn’t seem anybody really cares what JP Morgan Chase has done, or is doing!

The Winds of Change!

Michael Nystrom's picture

Gold is showing down about $8

According to Kitco.

http://www.kitco.com/charts/popup/au24hr3day.html

To be mean is never excusable, but there is some merit in knowing that one is; the most irreparable of vices is to do evil out of stupidity. - C.B.

ZeroHedge Frontpage

Michael Nystrom's picture

Funny how the Post calls it an "exclusive"

Even though Eric broke the story last week.

That's the old MSM for you...

To be mean is never excusable, but there is some merit in knowing that one is; the most irreparable of vices is to do evil out of stupidity. - C.B.

It is exclusive to them

because nobody else is reporting it.

History does not long entrust the care of freedom to the weak or the timid.
Dwight D. Eisenhower

Michael Nystrom's picture

How can it be an exclusive

if it has already been reported?

To be mean is never excusable, but there is some merit in knowing that one is; the most irreparable of vices is to do evil out of stupidity. - C.B.

Anyone think silver's going to shoot up

when the market opens in 2 hours? If so, now would be a good time to buy probably before the market opens and there is a fresh quote, not Friday's closing price.

It just dipped into the $17.50 range

You missed a much better chance to buy this past week while gold was shooting up 3%.

History does not long entrust the care of freedom to the weak or the timid.
Dwight D. Eisenhower

above 20 I'm buying more shells

What does "shoot up" mean to you?

If I had to bet, I would bet it stays under 20 on Monday. If it goes over 20, I'm going to the store to buy more shotgun shells.

Is 35% and 40% silver coins something to avoid?

I noticed on APMEX.com they are selling it for at or below spot price. Is it normally below spot price or should I jump on that opportunity?
http://www.apmex.com/Category/243/40_Silver_Coins_Rolls__Bag...
http://www.apmex.com/Category/1125/35_Silver_War_Nickels.aspx

well

I personally stick to 90% silver coins as well as 1 oz coins. Like the apmex coin. Cant go wrong there.
http://www.apmex.com/Product/27024/1_oz_APMEX_999_Fine_Silve...
79 cents over spot for a brand new coin is a deal in my opinion. I would not mess with the 35% stuff may be hard to sell.

Thanks.

I think I'll stay away, maybe just buy 1 roll.

I would buy some.

If silver goes to $100/oz, those coins will be useful for buying smaller amounts of goods.

Ron Paul "Sign Wave Across the USA" -- November 5th!

two

That one sentence mixed two issues:

1) price of silver going higher
2) if everything collapses and we need to barter (for bread)

If everything collapses, people will need a lot more than junk silver. Since item 2 is unlikely, I would prefer the american silver eagles (1 oz) at this time in part because they are clearly marked as containing one ounce of silver. Junk coins aren't marked.
For most people, ammunition & food & water will go further in a full-on collapse than junk silver. When those three are stocked, some silver would also be useful.

The price of silver will go beyond $100/oz.

I was only being conservative so Jeff's head wouldn't explode.

Secondly, the question was specifically about junk silver; not about goods for barter or preparation in general.

People not used to a barter economy will still want to exchange goods for "money". Junk silver is a good choice for people with limited funds and limited space.

Ron Paul "Sign Wave Across the USA" -- November 5th!

doesn't make any difference..

doesn't make any difference.. everyone knows that pre 65 US silver coins, except nickles are 90% silver.

“Defiance of God’s Law will eventually bring havoc to a society.” - Dr. Ron Paul

$ilver bump

$ilver

Official Daily Paul BTC address: 16oZXSGAcDrSbZeBnSu84w5UWwbLtZsBms
#standwithrand

buy silver NOW

people buy silver now -
I had a dream a few weeks ago in it silver was going for 1500$ an ounce and in this dream I was BUYING it.

getting silver and gold can help your family survive this coming total collapse...

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

Now this

is "too weird", sweetie. About three weeks' ago, I stopped into my local coin shop to buy a few pieces of silver. I told the owner that I have a "feeling" that it's going to skyrocket...$1500/oz. was the number that popped into my head.

Bump.

O.P.O.G.G. - Fighting the attempted devolution of the rEVOLution
Ron Paul 2012...and beyond
BAN ELECTRONIC VOTING!!

don't ya love iot when

don't ya love iot when something you were trying to communicate to people for 3 years is finally backed up.
When those who called you a cut and paste moron etc etc etc are eating crow because they were dead wrong.. Yes me SIERRAHPBT-- is feeling very satisfied with the outcome. ol jzneff and jeff3456098 -- where are you? cat got your toungue?

“Defiance of God’s Law will eventually bring havoc to a society.” - Dr. Ron Paul

Sierra, your premature self-congratulatory syndrome

has shown itself again!

Have you noticed that virtually nothing has happened in the price of silver since you, once again, tried to tell everyone how brilliant you are, and what a terrific prognosticator you are?

When there is an up-tic in the price of silver, why don’t you wait a day or 2, to see whether it is really any kind of significant development, before you start ranting about how you are the smartest silver pimp who ever lived !!!

You are way too quick to start furiously slapping yourself on the back, when there is no justification whatsoever !!!

You have done this performance so many times now that most people on this site probably can't help but consider you nothing but a joke.

To the moon, Alice! Or maybe … probably … NOT … anytime soon !

Oh, but wait a minute ... legalize DREAMED that silver was going to $1500.00/oz.

That's gotta be worth something !

ol jeff3456098 is going to be

ol jeff3456098 is going to be wrong again for the 10,000th time here on the daily paul.. slap on the wrist? we shall see- but that is not the big story.. the big story is the explosion in the silver price about to come..

“Defiance of God’s Law will eventually bring havoc to a society.” - Dr. Ron Paul

wow

8D

Lets Ask Ourselves Exactly Why The Founders Made Gold/Silver,,

,,,"Only" Constitutional money?

The answer is/was to prevent what is happening at a world wide level today,,,,,,A Crash in the standard of living for the working classes, higher taxation, etc. etc. etc.

There is an important message in this video:

http://www.youtube.com/watch?v=2Ic6ZhNKldY

beesting

SteveMT's picture

Agree beesting, They did not trust the very government...

that they formed. That tells us a lot.

There is no trust involved with gold and silver. No one needs to stand behind it for it's value.

They knew not to trust the government. We know what happens when we do!

they did not trust human

they did not trust human nature.. not so much the government but the evil men who sought positions to run the government for there own greedy wishes..

“Defiance of God’s Law will eventually bring havoc to a society.” - Dr. Ron Paul

northstar's picture

This is soooooooo cool

I've been collecting .999 fine silver commemorative coins for years. I'm so happy I never sold them.

Real eyes realize real lies

We want our country back

Every year is a year for Ron Paul!

I'm still a pessimist

But i see this dark cloud has a silver lining,,silver lining get it,,,,,,,What?LOL

just buy physical silver

just buy physical silver Doc.. all you can get your hands on.

“Defiance of God’s Law will eventually bring havoc to a society.” - Dr. Ron Paul