Is Silver Price Manipulated? Maybe, but That's the Wrong Question
Posted on February 06, 2013 at 12:20 PM EST
Every now and then my firm receives questions about JPMorgan (NYSE:JPM) and the allegations that the company suppresses the price of silver. We recently replied to a question about this issue and in that answer we wrote the following: Despite a (…) lawsuit accusing JPMorgan and HSBC (NYSE:HBC) of jointly controlling "over 85 percent of commercial net short positions " a position inherited mainly from the liquidated Bear Stearns business the CFTC seems inclined to drop any case it has against JPMorgan making this the third case in a row that has not found proof of wrongdoing. ...