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Another Lawsuit Filed Against JP Morgan For Silver Price Manipulation

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Fri, 09/16/2011 - 13:30 | 1677750 nope-1004
nope-1004's picture

Corruption.  Manipulation.  Theft.  Scandal.  JPM.

All in the same breathe.

Fri, 09/16/2011 - 13:32 | 1677758 fuu
fuu's picture

Silver:JPM 1.2269 a little tighter than last week.

Fri, 09/16/2011 - 13:49 | 1677838 gmrpeabody
gmrpeabody's picture

Silver eagle bitchez..

Fri, 09/16/2011 - 14:02 | 1677884 X.inf.capt
X.inf.capt's picture

and i bought, what figured, was the last batch of pre-65 dimes im going to need yesterday....


Fri, 09/16/2011 - 14:08 | 1677904 spiral_eyes
spiral_eyes's picture

Tyler makes a fantastic point. Once this silver tsunami rises to a fair value plateau ($300? $500? $2000?), investors like us should be thanking Blythe for letting us buy it so cheap.

Blythe, bitchez. 

Fri, 09/16/2011 - 14:33 | 1678004 Ahmeexnal
Ahmeexnal's picture

1916-D silver dimes!

Fri, 09/16/2011 - 15:51 | 1678347 beastie
beastie's picture

They haven't been dropped. Read past the headline in the Reuters piece.

Fri, 09/16/2011 - 15:00 | 1678111 Al Gorerhythm
Al Gorerhythm's picture

That's exactly what I thought I was doing when I bought 3 contracts for delivery @ $20 spot only to have a massive margin call @ at $8.50. Ouch. You can imagine that I forgot to thank the sell side manipulators for the cheap prices. I got out of that arena quick smart and went straight to physical. Got my physical at a premium to spot, plus the margin call losses, but have my 5+ contracts worth at a tripple bagger and sleep well., no thanks to Blythe et al.

Np, he doesn't have a point.

Fri, 09/16/2011 - 15:02 | 1678132 malikai
malikai's picture

If you had been more patient, you could have taken delivery at $8.50.

Timing is everything.

Fri, 09/16/2011 - 15:17 | 1678213 Al Gorerhythm
Al Gorerhythm's picture

And if the fox hadn't stopped to smell his shit, he would have beaten the turtle to the finish line. The point is, the bastards used unbacked sell dockets to beat the price down to skim long's accounts. They have nothing in the game and use the CFTC skirts to cover up their manipulation. I have watched the action from the safety of the physical sidelines only to see them use their other Orwellian tools to control the outcome over fair trades. Patience my ass. More like crystal ball.

Sat, 09/17/2011 - 14:51 | 1680152 WmMcK
WmMcK's picture

I like the part when the rabbit ate the  sour grapes, too.

Fri, 09/16/2011 - 15:06 | 1678158 Bastiat
Bastiat's picture

You laugh last, Al.  Congratulations.

Fri, 09/16/2011 - 15:11 | 1678176 Al Gorerhythm
Al Gorerhythm's picture



No, he doesn't have a point.

Why all the sound and fury, Tyler? For the same reason that you present this blog. Corruption, no matter where it resides, deserves outting and justice. I would have thought even you whould have acknowledged that. Just because you get to take advantage of the corruption, doesn't make it any less revolting. That's akin to not having any qualms about the corruption of the housing market robo signing, etc, ad nauseum.. Hey, the price of homes are 10 cents in the dollar. What an opportunity! Thank heavens for those market fluctuations. BUY!


Fri, 09/16/2011 - 15:16 | 1678204 malikai
malikai's picture

Listen to a bit of Friedman in the 70s. You'll understand.

Fri, 09/16/2011 - 15:20 | 1678225 Al Gorerhythm
Al Gorerhythm's picture

I understand already. I got ripped.

Fri, 09/16/2011 - 18:45 | 1678881 thesapein
thesapein's picture

I agree with you on this one.

Tyler is sounding like Rick Rule, calling it a sale, and why not like a sale on what you want, however, that's just self-justification for one's own position and hindsight and completely ignoring those who got burned.

I'd add, too, to all those who think it only hurts those trading in futures, don't kid yourselves; the phyical market is not just holders. You're forgetting about mining, mining stocks, and the whole supply side margins, yo!

Kind of cold even for fightclub.

Sat, 09/17/2011 - 11:29 | 1679694 Chaffinch
Chaffinch's picture

Yep. - and who wants a firesale just after he's loaded up with all he wants / can afford.

Fri, 09/16/2011 - 16:36 | 1678510 Youri Carma
Youri Carma's picture
Evil Genius Loves JP Morgan for Cheap Silver Price http://www.youtube.com/watch?v=Ud0pdhoisxc
Fri, 09/16/2011 - 18:49 | 1678888 thesapein
thesapein's picture

And that's why he's evil.

Fri, 09/16/2011 - 14:14 | 1677917 MillionDollarBonus_
MillionDollarBonus_'s picture

If the gold bugs had just bought US treasuries as a safe-haven asset like NORMAL investors, they would have more consistent profits and an INCOME. Instead they constantly get wipsawed in the volatile precious metals markets and then blame JPM as a cover for their amateur trading. JP Morgan traders got to the top because they are smart, and they simply know how to fleece the novices by leveraging their hard-earned cash.

Fri, 09/16/2011 - 14:17 | 1677936 nope-1004
nope-1004's picture

Yes, I totally blame JPM for me being up 38% since November.

Damn you JPM!  How dare you make me wealthy while you engage in corruption.



Fri, 09/16/2011 - 14:22 | 1677965 MillionDollarBonus_
MillionDollarBonus_'s picture

There are always exceptions. I take my hat off to you. Maybe one day you'll join the pros at Goldman and JP.

Fri, 09/16/2011 - 14:28 | 1677992 Transformer
Transformer's picture

You are so right.  I wish I had bought Treasuries instead.  So, If I had bought Treasuries in 2009, how much more would I have made than with that stupid silver stuff?

Fri, 09/16/2011 - 18:38 | 1678863 Troll Magnet
Troll Magnet's picture

It's not too late, Transformer.  Send me all your physical silver and I'll send you some paper.  Let's get this done!

Fri, 09/16/2011 - 15:22 | 1678236 Al Gorerhythm
Al Gorerhythm's picture

Just like all those unsophisticated buyers of sub-prime mortgage bonds, and Greek debt and LBMA gold,right?

Fri, 09/16/2011 - 16:18 | 1678458 fxrxexexdxoxmx
fxrxexexdxoxmx's picture

MBD you are best. You just kill me. I can not count how many times I laughed and blew soda out of nose after reading your posts. Thanks. ... note to self.. stop drinking soda when reading MDB's comments....

Fri, 09/16/2011 - 14:10 | 1677885 Pladizow
Pladizow's picture

P.A.G.E will take care of this!


Fri, 09/16/2011 - 13:33 | 1677767 Thomas
Thomas's picture

The BAH crowd (buy and hold) loses nothing over time. The traders may have a case.

Gold and silver bug for 12 years....

Fri, 09/16/2011 - 13:34 | 1677770 trav7777
trav7777's picture

put silverbugz pumpers in that same sentence

Fri, 09/16/2011 - 13:35 | 1677780 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Hows' your paper, Trav?

Fri, 09/16/2011 - 13:55 | 1677859 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Trav, when in the hell are you going to start that personal exercise program I have been advising for you!?

Fri, 09/16/2011 - 14:12 | 1677922 Dr. Richard Head
Dr. Richard Head's picture

His doctor has adivsed him not to get involved in an excercise program until his neck heals from his latest attempt to suck his own cock.  It's a shame.

Fri, 09/16/2011 - 14:10 | 1677915 Robot Traders Mom
Robot Traders Mom's picture

I really hope someone creates the handle trav's mom

Fri, 09/16/2011 - 14:23 | 1677950 Pladizow
Pladizow's picture

Who would degrade them self in such a manner?

Booyaa, the elusive two-in-one insult!

Subtly against Robo-Mom for his lack of self respect and obviously against the fucktard Trav777.

Fri, 09/16/2011 - 14:56 | 1678105 MsCreant
MsCreant's picture

I still say Robot Tader's Mom is comedy gold, and for its class, cannot be topped. If you are in it for the laughs, it's fucking funny, every damn time.

Fri, 09/16/2011 - 15:00 | 1678118 malikai
malikai's picture

100% Hat's off to RT's Mom.

Fri, 09/16/2011 - 15:26 | 1678253 Al Gorerhythm
Al Gorerhythm's picture

Confirmed by your posts. When are you going to have that operastion? That penis attached to your forehead gets bigger each time you open your mouth. There has to be a correlation there somehow.

Fri, 09/16/2011 - 14:41 | 1678036 gbomber
gbomber's picture

Have you seen sugar today?

Sat, 09/17/2011 - 00:17 | 1679343 Sunshine n Lollipops
Sunshine n Lollipops's picture

I'm right here, baby.

Fri, 09/16/2011 - 13:31 | 1677751 GeneMarchbanks
GeneMarchbanks's picture

Fair value, eh? So around 400 I take it?

HSBC is at least as responsible if not more so.

Fri, 09/16/2011 - 13:30 | 1677752 Gecko Junior
Gecko Junior's picture

I'm a subscriber to Ted Butler Research.  Let me save you all the money:

Silver is being manipulated. 

That's literally all he writes about, week after week. I'd like my $39 back so I can go buy a Silver Eagle with it. 

Fri, 09/16/2011 - 13:33 | 1677760 GeneMarchbanks
GeneMarchbanks's picture

Butler. Banana peel. Staircase. Soon.

Fri, 09/16/2011 - 13:39 | 1677794 Long-John-Silver
Long-John-Silver's picture

I'd like my $39 back so I can go buy a Silver Eagle with it.


At this moment Apmex is listing Silver eagles for sell @ $45.55 each.

Sat, 09/17/2011 - 04:25 | 1679448 theMAXILOPEZpsycho
theMAXILOPEZpsycho's picture

premiums are crazy everywhere, nearly. I'm from the uk and don't want to pay VAT. I have some family in OZ so spent some time looking at dealers there - but premiums are INSANE!! I was better off just paying the VAT over here! I have most of mine with goldmoney.com

Fri, 09/16/2011 - 13:50 | 1677842 Temporalist
Temporalist's picture

That may be true GJ but he's one of the first people that was saying it and he was one of the first to turn me onto PMs so if he ever made you money...well it was worth it then wasn't it?  Besides if you can get a ASE for $39 buy me a tube and I'll pay you back.

Fri, 09/16/2011 - 13:32 | 1677757 President Palin
President Palin's picture

Couldn't happen to a nicer group of people.  Poor JPM.  Rot in hell.

Fri, 09/16/2011 - 13:37 | 1677791 Robot Traders Mom
Robot Traders Mom's picture

Hello Sarah. I also fucked Glen Rice, only more recently.

Fri, 09/16/2011 - 13:53 | 1677856 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Did you put a bag over head!?

Do NOT follow this link or you will be banned from the site!