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Somebody pulled the plug on PMs again...
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<p>[QUOTE="InfleXion, post: 1270224, member: 29012"]Same here, thankfully I only bought a little at 36. Sitting on hold as we speak. If it gets below 30, I'll just get more. Still in small amounts though. </p><p><br /></p><p><a href="http://www.marketwatch.com/story/jp-morgan-hsbc-sued-for-silver-manipulation-2010-10-27" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.marketwatch.com/story/jp-morgan-hsbc-sued-for-silver-manipulation-2010-10-27" rel="nofollow">http://www.marketwatch.com/story/jp-morgan-hsbc-sued-for-silver-manipulation-2010-10-27</a> </p><p><br /></p><p> It's hard to say whether this is manipulation right now, but there is no doubt that manipulation has occurred. The CFTC's lawsuit against JP Morgan was finally filed a 2 weeks ago for this reason. Whether or not it's a legitimate drop, I highly doubt anybody is liquidating enough physical silver to account for this. The fractionally leveraged paper market is what's taking a hit right now.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1270224, member: 29012"]Same here, thankfully I only bought a little at 36. Sitting on hold as we speak. If it gets below 30, I'll just get more. Still in small amounts though. [url]http://www.marketwatch.com/story/jp-morgan-hsbc-sued-for-silver-manipulation-2010-10-27[/url] It's hard to say whether this is manipulation right now, but there is no doubt that manipulation has occurred. The CFTC's lawsuit against JP Morgan was finally filed a 2 weeks ago for this reason. Whether or not it's a legitimate drop, I highly doubt anybody is liquidating enough physical silver to account for this. The fractionally leveraged paper market is what's taking a hit right now.[/QUOTE]
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Somebody pulled the plug on PMs again...
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