I would welcome clarification on the silver issue – what is it’s significance?
@shivalingus on February 22, 2011 @ 5:58 am
JPM Morgan and other banks have been short-selling on the Silver and Gold markets, selling more silver and gold than they physically have. If the market goes too high and they have to settle at high prices they could potentially go bankrupt of at least have to sell most of their assets to stay liquid. Something odd appears to be going on currently as their have been no price updates for the last two hours with the NY market due to close in 1 hours. Unless the Kitco.com website has a glitch it might mean that trading has been suspended?