There’s no question that the silver market is the most rigged game in the world because no one would be able to establish a more perfect trading record than what JP Morgan and a few other big shorts have achieved. The only question is what can and will be done to end it. In time, the charade will become clear enough to a sufficient number of people, including the victimized technical funds, to bring changes to interrupt the perfect trading record of the big shorts – knowledge is power and all that.
I still believe a quicker route to end the silver scam could come at the hands of the regulators, including the CFTC’s new Enforcement Director, James McDonald. I don’t think there’s any chance that the agency will ever find JP Morgan guilty of manipulating the price of silver (as this crooked bank sorely deserves) for the simple reason that such an action would leave JP Morgan open to an unlimited number of lawsuits; enough to sink what is thought to be an unsinkable ship. No government agency would ever do that. But that doesn’t mean the regulators are helpless, either.
This post was published at Silverseek