JPM's ALLEGED Silver "Price-Fixing" (lawsuit) dismissed

http://www.reuters.com/article/2013/03/18/us-jpmorgan-silver-lawsuit-idUSBRE92H10520130318

Court rules: no merit to conspiracy-theorist PM bugs claim that JPM has been "price-fixing" (depressing Ag prices) on Silver mkts.

 

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There is no manner of court rulings, SEC rulings, or anything that will ever convince those who wish to believe their precious silver is not being manipulated by "the man". In their minds they are millionaires because of their silver holdings, it is only by "manipulation" that market prices are not currently reflecting that.

I have said it before, if JPM has manipulated prices for the last 20 years, suppressing them, they really really suck at it. Going from $4 to $28 all the while the largest bank in the US is actively supressing prices? Man, I bet I could manipulate the markets better than that.......

 

"Precious" you say??
[video=youtube;Iz-8CSa9xj8]https://www.youtube.com/watch?v=Iz-8CSa9xj8[/video]

 

The evidence in this case is clear, multiple advance e-mails to the CFTC calling precise market movements. Whether that should be enough for a conviction in a court of law I wouldn't know as I am not a lawyer, and we know that the legal system will bend as needed to powerful interests.

Chilton's comments about "nefarious activity" in the silver market also indicate there is more than meets the eye, but he isn't really qualified for his position because he thinks it's only 10 to 1 leverage in the silver market where as it is actually far greater.

As was pointed out in the comments section of the article:

To infer that this case being dismissed equates to proof that there is no manipulation is a leap of faith, but of course the burden of proof is on showing that there is manipulation. So nothing has changed by this ruling.

 

You admit 'burden of proof is on showing that there is manipulation' ? Great, that's a start.
Now please accept there is no proof, nor any merit to the claim - dozens of purported "examples" were dismissed by a Judge. EOS!

Justice is blind.

I notice that conspiracy-theorists wail "Unfair!" every time reality shows against them, but they eventually slink off to the next looney-tunes cause. The truther movement is hydra-headed, the lastest shame is this: http://www.huffingtonpost.com/2013/...ined-debunking-newtown-truther_n_2627233.html

 

Of course I admit what is obviously true. It is also obviously true that the market is manipulated, otherwise paper would not be backed by 100% phsyical, not 2%. Otherwise margin would not exist. It's so simple it hurts that I have to argue.

 

The fact the margin exists is proof of manipulation? You are not argue against manipulation, you are just saying any market that is not 100% physical is not a true market. Just say that then, because saying margin on either side of the transaction is "proof" of manipulation is silly. Since all contracts have to have a counterparty, that means the buyers of silver are just as "manipulative".

Like I have said before, there are REASONS why paper markets were invented. Physical markets are 1000 times more susceptible to manipulation than paper ones. If you think the paper market is manipulated downward, then call their bluff and pony up the money to take physical possession of a contract or two.

Seriously, do those crying manipulation really think no one is as smart as they? You don't think if the silver traders knew silver was being manipulated that they wouldn't all be taking physical delivery of all of the silver? Why isn't Buffett putting up the money to take physical possession of $20 billion in silver? Sorry, but it just drives me nuts how all of these tiny holders of silver are firmly convinced of their own intellectual superiority, and how they can clearly see the manipulation while those who REALLY have the money and the ability to profit handsomely cannot.

 

Actually I would like to take it a step further, Why would anyone who "KNOWS" the market is rigged and is sure these so called "Manipulators" are driving the price DOWN be playing the long side? I would equate that to someone who "KNOWS" the pick three is rigged with tomorrow's being 435 and then goes plays a different number. Go figure, it takes all kinds.