http://www.zerohedge.com/article/whistleblower-exposes-jp-morgans-silver-manipulation-scheme I have a couple questions about the entire situation... a) Are there any lawsuits pending on this b) What does it mean to physical holders c) If it is being held back, what happens if they are forced to liquidate or minimize their holdings. d) Will any of these things happen e) Is Ramirez some type of pawn in all of this
It will all play out over time. The CFTC can't immediately react to one accurate call by a speculator they probably didn't even know at the time. And since GATA has basically accused the CFTC of criminal activity in colluding with major market players, the CFTC probably doesn't feel the need to respond directly to them. The agency probably won't respond as quickly as many people would like, but at a minimum I expect them to eventually modify the position limits for silver.
