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Silver probe dropped. LOL

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August 06, 2012 – Comments (2) | RELATED TICKERS: SLV

From Financial Times:

 "A four-year investigation into the possible manipulation of the the silver market looks increasingly likely to be dropped after US regulators failed to find enough evidence to support a legal case, according to three people familiar with the situation."

"In addition, a class-action lawsuit has been filed against JPMorgan. Lawyers for the bank have asked a judge to dismiss it, arguing that plaintiffs “fail to identify a single trade” showing manipulation."

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So, we can stop saying silver has been manipulated by a global cartel of bankers now?  Is is this just further proof of how powerful the cartel is... :)

 -Rof 

2 Comments – Post Your Own

#1) On August 06, 2012 at 11:31 AM, jwebbzor (< 20) wrote:

These foil hat wearers need to stay away from investing, especially in the silver market. They've already over-hyped it as an investment and largely illegitimized it by proclaiming it to be the second coming of Jesus.

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#2) On August 06, 2012 at 11:08 PM, Valyooo (99.60) wrote:

Also, why invest in something you believe is opposed by much stronger forces than yourself?  That is like wrestling the hulk rather than finding an easier opponent

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