Saturday, May 1, 2010

Anti-Trust Division of the Justice Deptartment To Look At The Silver Market Manipulation

In a stunning development, Ted Butler has shared information he received about an investigation by the Anti-Trust Division of the U.S. Department of Justice into the massive manipulation of the silver market by J.P. Morgan . This is huge and way overdue. This could well effect the market value of the SLV silver ETF, as JP Morgan is the custodian and has been suspected by many of implementing a "fractional bullion" method of silver storage at SLV.

Here is the interview with Ted Butler from http://www.kingworldnews.com/.  Click on the link and then click on the "MP3" link in the lower left:

DOJ to investigate silver mkt manipulation

Obviously the ramifications of this for the upside potential for the price of silver are very significant. It will likely take some time for the investigation to happen and conclude. Silver is already substantially undervalued using kind of historical metric and the upside potential has now been turbo-charged. Got gold? Better get a lot of silver while it's still cheap and readily available.

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