SD Metals & Markets: JP Morgan Has Likely Covered Large Percentage Of Silver Short Position!

June 15, 2013 By 18 Comments
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On this week’s SD Weekly Metals & Markets, we’ll cover:

  • Doc’s physical market trends report- silver shortage easing?

  • Back over $22 silver with the commercials (& likely JP Morgan) nearly net neutral in silver- what it likely means

  • Next week’s FOMC: QE tapered or has the Fed run out of room for MOPE with foreign governments outright selling $50 B of Treasuries in May?

  • We cover Edward Snowden & the NSA’s PRISMGate with a “Wag the Dog” rhetoric and war drums ramping up against Syria- major regional conflict could erupt involving Iran, Syria, Russia, and Israel should the US launch a ground invasion of Syria

The SD Weekly Metals & Markets with Eric Dubin & The Doc is below: [Read more...]

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Feds Investigating Blythe Masters Over Energy Market Manipulation, Obstruction of Justice, Perjury

May 2, 2013 By 30 Comments

JP Morgan Dimon MastersThe NYTimes Dealbook reports tonight that the Federal Energy Regulatory Commission (FERC) intends to take action against JP Morgan and Blythe Masters over manipulative trading schemes in the Michigan and California energy markets.

FERC’s 70 page filing reportedly singles out JPM Head of Commodities Blythe Masters for her role in the scheme, and alleges that Blythe personally participated in JPMorgan’s efforts to block the state authorities from understanding the reasons behind JPMorgan’s bidding schemes, and that Blythe made scores of false and misleading statements and material omissions to authorities and that enforcement officials plan to recommend Masters be held “individually liable.”

Surely Blythe will quickly be exonerated for the fact that JPM’s alleged energy market manipulation was not a directional position, but was merely hedging on behalf of a client…
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CBC Documentary to Break JPM Whistle-Blower Testimony on Gold & Silver Manipulation!

April 18, 2013 By 84 Comments

gold manipulation

*Update: Whistle-blower testimony completely removed from the final cut…while Jeffrey Christian insisting Fort Knox contains all the gold advertised is included. 
Guess we’ll have to do this the hard way and drain every last physical ounce…

The CFTC is sitting on information that implicates JPMorgan as manipulating the futures market in Silver and Gold.  The reason this is so damning is that the CFTC has evidence that incriminates JPM as having malicious short positions designed to influence the price action of Silver and Gold towards JPM’s favor; akin to the LIBOR scandal in which rates were manipulated down towards the banks favor.  -JPM Whistle-blower

The PM community has been waiting over a decade to see the gold and silver manipulation story go mainstream, as the LIBOR scandal did last summer.
As of 9pm EST tonight, the wait is over…
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Bottom of the Cartel’s Barrel

April 4, 2013 By 27 Comments

bottom of the barrelSubmitted by Bill Holter:

Please understand that the psychopaths who are running the world will apparently run this game until the very last ounce of strength (Gold & silver) is gone.  More and more demand for physical metal is showing each and every month.  When the “bottom of the barrel” is reached the game(s) will stop, physical metal for sale will dry up entirely and literally no amount of fiat currency will secure it.  You are being offered the greatest price discount in relation to money supply in history right now, secure holdings now because later the only way to do so will be with real goods that owners are willing to barter for.  [Read more...]

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Metals Smash Intensifies in Asian Trading As Silver Smashed to $26 Handle!

April 2, 2013 By 33 Comments

cartel taken to kneesThe cartel’s all-day gold and silver take-down continued in tonight’s Globex and Wednesday Asian trading, as both metals have just been shoved off ANOTHER cliff, with gold smashed to $1565, and silver has broken below $27 to a $26 handle! [Read more...]

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89 Y.0. Judge Officially Dismisses JPM Silver Manipulation Lawsuit

March 19, 2013 By 20 Comments

Jamie Dimon89 year old judge Robert Patterson Monday officially dismissed the class-action lawsuit against JP Morgan alleging illegal silver price fixing. 

Patterson stated that investors failed to demonstrate that JPM was manipulating the silver market at their expense.   Judge Patterson claimed that while investors successfully demonstrated that JPM influenced silver prices, they failed to demonstrate that JP Morgan “intended to cause artificial prices to exist“.

In other words, the smoking gun was not enough evidence, silver investors failed to prove the sinister motive behind JPM’s actions. [Read more...]

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JPM’s Chase.com Down!

March 12, 2013 By 13 Comments

jp morgan chaseIt appears JPMorgan’s retail arm Chase.com has been hacked!

*Update 8:45pm EST: Chase.com still down, MSM blaming the Al-Qassam Cyber Fighters.

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Lead Counsel Of Silver Manipulation Suit: Missing Key Ingredient Needed For Case To Survive

March 12, 2013 By 22 Comments
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Submitted by Tekoa Da Silva

I had the opportunity yesterday to connect with lead counsel of the Silver Class Action Complaint, Christopher Lovell, partner of New York City law firm, Lovell Stewart Halebian Jacobson LLP. It was a fascinating interview, as Chris and his firm have won many of the largest settlements in commodity exchange act & antitrust law history, with their highest recovery being over $1.02 billion dollars.

During the interview Chris provided an update on the silver class action complaint, as well as announcing a key missing ingredient, one which may be needed for the survival of the class action silver manipulation case.

Bottom Line: The silver manipulation case is on the edge of being thrown out for good. After investing many hundreds of thousands of dollars into this case so far, Chris is humbly asking for help from the market. It appears that insider emails or a ‘canary’ may be the missing ingredient needed to keep the case alive.
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Eric Sprott: The Cartel Will be Taken to Their Knees!

February 22, 2013 By 57 Comments

cartel taken to kneesThe Doc sat down with gold and silver expert and billionaire fund manager Eric Sprott Wednesday for the first of a series of interviews regarding the markets.
Eric warned The Doc prior to the interview that the KWN and USAWatchdog sites were maliciously attacked the day they published interviews with Sprott.  There appear to be powerful interests that would prefer to keep Eric’s thoughts on precious metals out of the public at the present, as SD also sustained a confirmed co-ordinated Apache flood DOS attack during the recording of the interview.  

With gold smashed nearly to $1550 and silver nearly to $28 Wednesday, Eric discussed the latest paper raid in the face of epic physical demand, and stated that the demand for coins has been stunning!

Sprott also stated that there is an absolute shortage in platinum and palladium, and although he still believes silver is the investment of the decade, there is no telling how high platinum and palladium could go.

With silver trading back under $30, Eric states that silver should be $100 today, that he expects it to massively outperform gold, and that he conservatively expects the metal to reach $200/oz.   Eric states that $200 shouldn’t be considered the top however, and that All we know is that the price should be up massively.  Anyone who’s been a student of the market sees these ridiculous trades, but some day these guys will be brought to their knees by people just taking delivery.

The first of Eric Sprott’s MUST READ interviews with The Doc is below: [Read more...]

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COMEX Sets All Time Volume Record for Silver, 2.5 Years Global Mine Production Trades in Single Day!

February 19, 2013 By 30 Comments

iou silverCOMEX silver futures traded an all-time daily record of 376,301 contracts today, surpassing the previous record of 319,204 contracts set on April 26th, 2011.   The volume traded in the front month of March alone was a record setting 354,295 contracts!

To put the number in perspective, 376,301 contracts represents 1.88 billion ounces of paper silver, or approximately 2.5 years of the entire global silver mine production!

The 1.88 billion ounces of paper silver traded Tuesday amounts to 902 days of global silver production!!

1.88 billion ounces of paper silver dumped on the market in one day, and all Blythe could induce was a mere .50 decline in the price of silver.

*Updated 9am 2/20: CME has scrubbed the data, now reporting only 97,975 contracts traded yesterday
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Your Regularly Scheduled COMEX Open Silver Smash Sends Silver Towards $28 Handle

February 19, 2013 By 100 Comments

Must…Keep…Silver…Under…$30.

Daily COMEX open silver raid in progress.

*Update: 2nd wave in progress, cartel gunning for $28 handle!

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How ZH’s Discovery of JPM’s Top-Secret London Gold Vault Could End JPM’s Alleged Gold Manipulation

February 18, 2013 By 17 Comments

Yesterday we reported that ZeroHedge via excellent investigative journalism had discovered the top-secret location of JP Morgan’s London gold vault- namely 60 Victoria Embankment.
Numerous SD readers have inquired as to the significance of the story, and why the discovery of the specific location of JP Morgan’s gold vault should matter to precious metals investors (or to JP Morgan for that matter).  The answer as to why this is so significant for JP Morgan lies in rehypothecation.

Once a precise location, holding specific goods can be pointed to by a creditor, the creditor will quickly seek a Writ of Attachment.  The gist of receiving the writ for JP Morgan is: “Hey, turn over this specific XXX to the court, so the court can give it to the proper owner; and don’t you dare move it until the court says OK.

All diehard gold bugs suspect, of course, that through leases, derivatives, futures and [etc], JP Morgan has geared the bejezus out of the bullion, regardless of who the legal owner(s) are, regardless of whether the gold is supposedly allocated or unallocated (think MF Global).

So the thought that JP Morgan might have to send its legal team in to court to do battle with barbarians at the gate – the 120 banks looking for assets – is juicy. And a true headache for JP Morgan, because if or when it happens, JP Morgan no longer controls the situation.

 

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18.3 M oz SLV Deposit & JPM’s New Silver Vault: JPM Discovers Way to Bypass COMEX Re-entry Process

January 31, 2013 By 24 Comments

shell-game1Submitted by AboutAG:

Why Was 18.3Moz of Silver Deposited into the SLV Jan 16th?

The obvious answer is “JPM opened a new warehouse!”.
However, that does not answer the question, as only 10 Moz went into their new warehouse.

The experts seem to agree that one of the most plausible explanations is that JPM closed out their short position in SLV.
One or more people have 17,016,600 shares of SLV short (about 16,458,115oz) at last count (which could be a couple weeks old). It is believed that JPM is likely responsible for much or all of that short position. The unexplained addition of 17,410,210.4oz to SLV (remember, 967,881.6oz are considered a ‘normal deposit’) would cover the entire short position and then some. Or if another 967,881.6oz (1M shares) were a normal deposit, that would leave 16,442,329.4oz unaccounted for, almost exactly matching the short position.

It appears that JPM has found a way to bypass the COMEX re-entry process, making the transfer of bars from SLV to COMEX and vice-versa extremely simple.
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Bill Murphy: Gold Cartel Unleashing Financial Market Terrorist Attacks on Gold & Silver!

January 29, 2013 By 15 Comments

imagesBill Murphy Founder of GATA sat down with Bridgitte Anderson during the Cambridge House Vancouver Resource Investment Conference.

Murphy stated that the waterfall gold and silver smashes on the COMEX open that SD readers are familiar with are terrorist attacks on the price of gold and silver!   Murphy states that the cartel’s financial market terrorism causes people to be right on a fundamental trade one moment, and the next moment to lose a fortune!

Murphy also stated that JP Morgan is hitting the wall with regards to silver supplies, and that gold and silver prices are set to explode, with silver setting all-time highs in 2013, and streaking towards $100 by the end of the year!

Murphy’s full MUST WATCH interview is below: [Read more...]

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Bill Murphy & Chris Powell’s Full Presentation on Gold Manipulation at 2013 VRIC

January 26, 2013 By 28 Comments

bill murphy chris powellFor those unable to attend the 2013 Vancouver Resource Investors Conference last weekend, Cambridge House has released Bill Murphy and Chris Powell’s full presentation on the state of GATA’s efforts to bring the attention of the cartel’s gold and silver manipulation into the public domain.

Powell discusses GATA’s recent findings demonstrating manipulation of the gold market by Western Central Banks, and discusses the importance of the Bundesbank’s request to repatriate 674 tons of German gold by 2020.

GATA’s Chris Powell & Bill Murphy’s full 2013 VRIC presentation is below:

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