***Precious Metals Investors Club***

[SilverEagle]

JPM admits their massive short position.

Okay. What's the suitable penalty?
I guess the move by JPM to shut down their prop. desk(commodity trading) was related to the history of silver manipulation.
Instead of Federal Govt. shut them down, they are voluntarily closing the ponzi-scheme desk.

I hope JPM will never trade commodity market.
Oh wait, then why are they setting up Physical Copper market?
WTF?
Let's ban the suckers!

FYI:

When Hunt brothers tried to invest in silver, (what main media calls as corner the market) they had received severe penalties!

In 1989 in a settlement with the United States Commodity Futures Trading Commission, Nelson Bunker Hunt was fined US$10 million and banned from trading in the commodity markets as a result of civil charges of conspiring to manipulate the silver market stemming from his attempt to corner the market in silver.[1] This fine was in addition to a multimillion-dollar settlement to pay back taxes, fines and interest to the Internal Revenue Service for the same period.