Tag Archives: jpm

Stacy Summary: For more than 6 years now, Max has been telling listeners of our various programmes on radio and television that precious metals would provide a hedge against the inflation and currency instability that would follow the epic crimewave wrought upon us by banksters. Sure enough, as predicted, precious metals have protected as designed. But it was in November 2010 when Max Keiser, the inventor the virtual specialist technology, identified that JP Morgan’s massive short position was causing market failure, specifically in the price discovery mechanism.  As an architect of markets, Keiser looked at this impediment to the correct functioning of markets with the same disgust as Sir Norman Foster no doubt looked upon his wobbly bridge. And so in November, he launched the Crash JPM, Buy Silver campaign to restore order to the wobbly bridge that was the price discovery mechanism in the silver market. Today, a UK government committee finds that excessively large positions on the LME by one of the four large players, including JPM, can, indeed, impede the ‘correct functioning’ of markets. The same applies for any market, including the silver market:

• UK GOVT COMMITTEE SAYS IT BRINGS ACTIVITIES OF LARGE DEALERS ON LONDON METAL EXCHANGE TO ATTENTION OF OFFICE OF FAIR TRADING

We would be concerned if a dealer were undermining the effective functioning of the market and we look for assurance that the market is functioning satisfactorily.