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Old 05-13-2011, 01:07 PM
 
Location: Old Town Alexandria
14,492 posts, read 26,638,442 times
Reputation: 8971

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JPMorgan is a major holder of precious-metals derivatives. The bank increased its silver derivative holdings by nearly $7 billion, or about 220 million ounces, during the last quarter of 2009, according to the Office of Comptroller of the Currency.
Regulators are pulling trading tickets on JPMorgan’s precious metals moves on all the exchanges as part of the investigation. The DOJ, and JPMorgan all declined to comment, the Post said.
Needless to day, the weeks ahead are going to be interesting for JPM.
Shares of JPMorgan Chase finished Friday at at $40.90.


JP Morgan Under Civil/Criminal Investigation for Trades in Silver Pit
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Old 05-13-2011, 01:11 PM
 
Location: PA
5,562 posts, read 5,694,783 times
Reputation: 1962
Well considering they are on teh board of the federal reserve bank and can change and devalue the currency that would explain most of their moves when it comes to GOLD and silver :-)

END THE FED

Ron Paul 2012.
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Old 05-13-2011, 01:15 PM
 
Location: Old Town Alexandria
14,492 posts, read 26,638,442 times
Reputation: 8971
I agree. The Fed needs to go. Bernie Sanders (I-VT) supports that view as well. As do MANY Independent voters fed up with corporate bailouts.
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Old 05-13-2011, 01:17 PM
 
Location: Great State of Texas
86,052 posts, read 84,668,587 times
Reputation: 27720
Major ? They are THE market maker here they have so much holdings.

House of Morgan = Rothschilds = Federal Reserve

Dog and Pony show. Have any of them gone to jail ?
Yell at them in front of the press, slap them with a paltry fine and send them back to their corner offices.

We already know how this will play out.
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Old 05-13-2011, 01:28 PM
 
Location: Old Town Alexandria
14,492 posts, read 26,638,442 times
Reputation: 8971
Well Ron Paul has a nice segment of people who disgusted with Repubs and Dems. This could be a nice platform.

Indeps. will sit home on election day faced with the current choices. (who even is the Repub choice at this point? do they even know) lol.
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Old 05-13-2011, 03:37 PM
 
25,157 posts, read 54,024,039 times
Reputation: 7058
Does not surprise me.
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