6 votes

J.P. Morgan, HSBC May Have Gained Billions from Influencing Silver Prices

"The core issue is that there exists an unusual concentration on the short side of COMEX silver futures held by JPMorgan. Manipulation can only exist if a concentrated position exists. Everything else is a peripheral matter. It does not matter if the concentrated silver short position held by JPMorgan is naked or is hedged with physical or OTC offsets. It does not matter if JPMorgan inherited the concentrated short position from Bear Stearns at the request of the US Government. It does not matter if JPMorgan operates an exchange -- licensed or not. What does matter is the concentrated nature of its COMEX silver short position [in the futures market]."

"What also matters is that the only known antidote to concentration isthe enactment of legitimate speculative position limits, something now lacking in COMEX silver futures. That’s why the current position limit process underway by the CFTC, including the solicitation of publiccomments on the matter, is so important. Fortunately, there has been an outpouring of public response on this issue with well over 3,000 comments being made by fellow citizens and investors asking that the Commission institute a 1,500 contract position limit in silver. I am hopeful that the large number of comments on silver will finally result, at a bare minimum, in an open discussion by the CFTC onthe merits of a 1,500 contract level in silver. For more than 20 years, any thought of an open debate has been buried."


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Blythe Masters: Takes orders from her master - JP Morgan, Master

Max Kaiser, "Food Wars!" JP Morgan Buys World w/ Paper Cash

Submitted by Mark Twain on Mon, 02/21/2011.

Blythe Masters dreamed up the Credit Default Swaps (CDS) 20 years ago, as a college intern @ JP Morgan. Now she seeks to by all commodities that paper cash can buy.

Blythe Masters knows only one master... JP Morgan, Money Master.

JP Morgan was the model for the Monopoly Game imp on "Chance" & "Community Chest."

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

SteveMT's picture

"Influencing" is "manipulating!"

The graph at the end of the article shows that both the number of physical ounces of all metals as well as their dollar value are increasing despite the buying going on. Explanations? Where is all of this physical coming from?

Promises... Promissory notes buy promissory notes.


  • US dollars printed by US Treasury & gifted to Federal Reserve.
  • Federal Reserve notes (promissory notes) mystically become cash.
  • Federal Reserve pays cost of printing with the said-same notes. 4¢ / US Fed Note is the cost of printing.
  • Federal Reserve buys US Treasury Bonds.
    • Federal Reserve pays with aforementioned gift cash.
  • Federal Reserve seeks whatever in the world they desire world wide with their spare cash.
    • As a side business, they assist the Gold & Silver casinos.

    Quite make-believable.

    Look for these titles & more. Self service: Mark Twain

    • X-Fed.. Admits Gold Manipulation in Fed Minutes. Gold Std. Report -- 03/15/2011 18:50
    • No Audit! - The Fed. Void Where Patriotic. -- 03/12/2011 18:48
    • Gresham’s Law Squared - Bad Coin Be Gone! Twain't Nice. -- 03/02/2011 14:34
    • Steve Wozniak, Apple Founder prints $2 Bill "Legal Tender." April Fool Feds Fail $100. -- 03/01/2011 17:00
    • US Gov shutdown non-essential service. Friday. TGIF! -- 02/28/2011 04:42
    • Libor Dial-a-Prayer! London-InterBank-Order-Rate -- 03/16/2011 02:33
  • Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

    Where is all of this physical coming from?


    ya, more government

    ya, more government regulation ought to solve it.

    Know your stuff, learn real history and economics @LibertyClassroom.com

    Not necessarily

    The government doesn't necessarily have to be the one to fix (regulate) this. The market can do it itself, if they are willing and pressured by market participants into doing so. If no one will play their game under the current rules, then they will have to change the rules. No government intervention is needed.

    + 1

    Thanks for posting Bobby.

    LL on Twitter: http://twitter.com/LibertyPoet
    sometimes LL can suck & sometimes LL rocks!
    Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

    when I came here there was 1

    when I came here there was 1 negative vote. I would like to know who the negative vote was.

    Great post Bobby.

    She even looks

    like a throat-cutter, doesn't she?

    What a witch!



    We know the face of our enemies now.

    We now where they work and what the are up to.

    Every Ounce of Silver bought and held is like firing a Silver Bullet into their cold, dead FKN hearts.

    The Banksters are not getting the "World Government by consent or conquest" they thought they were.

    RON2012PAUL...The r3VOLution continues...
    "I always win"
    +GOLD and SILVER are money+