12-07-2010, 10:20 AM
Oh I still have it...wish I had bought more.
I dunno how much this is REALLY affecting things, but Zero Hedge has been following the whole Silver saga. JP Morgan and HSBC are being sued over manipulating the price of silver by taking out massive shorts in it. In response Max Keiser has started a movement to get everyone to buy physical silver so that the price skyrockets and JP Morgan is forced to pay out their shorts and bankrupt themselves. It all sounds a little strange but it does seem to be affecting the market, particularly the suing part as people are realizing that silver is vastly underpriced because of the two banks. We shall see.
Here's an article on it:
<!-- m --><a class="postlink" href="http://www.economicvoice.com/max-keiser-tells-the-world-to-crash-jp-morgan-buy-silver/50014046#ixzz15MNhRZGX">http://www.economicvoice.com/max-keiser ... z15MNhRZGX</a><!-- m -->
Another article about how insanely underpriced silver because of JP Morgan despite it actually having a lot of real world uses that gold does not have.
<!-- m --><a class="postlink" href="http://www.tradingmarkets.com/news/press-release/hbc_silver-short-position-could-cost-jp-morgan-billions-in-losses-says-nia-1264751.html">http://www.tradingmarkets.com/news/pres ... 64751.html</a><!-- m -->
I dunno how much this is REALLY affecting things, but Zero Hedge has been following the whole Silver saga. JP Morgan and HSBC are being sued over manipulating the price of silver by taking out massive shorts in it. In response Max Keiser has started a movement to get everyone to buy physical silver so that the price skyrockets and JP Morgan is forced to pay out their shorts and bankrupt themselves. It all sounds a little strange but it does seem to be affecting the market, particularly the suing part as people are realizing that silver is vastly underpriced because of the two banks. We shall see.
Here's an article on it:
<!-- m --><a class="postlink" href="http://www.economicvoice.com/max-keiser-tells-the-world-to-crash-jp-morgan-buy-silver/50014046#ixzz15MNhRZGX">http://www.economicvoice.com/max-keiser ... z15MNhRZGX</a><!-- m -->
Another article about how insanely underpriced silver because of JP Morgan despite it actually having a lot of real world uses that gold does not have.
<!-- m --><a class="postlink" href="http://www.tradingmarkets.com/news/press-release/hbc_silver-short-position-could-cost-jp-morgan-billions-in-losses-says-nia-1264751.html">http://www.tradingmarkets.com/news/pres ... 64751.html</a><!-- m -->