iShares Silver Trust (SLV)

[fixedops]

http://www.benzinga.com/commodities/11/03/909082/j-p-morgan-increases-its-short-silver-position-by-30-on-the-comex-jpm

http://www.marketwatch.com/Community/groups/small-silver-investor/topics/jp-morgans-silver-shorts-subtitle

http://silverstockreport.com/2010/jp-morgan-silver-short.html

http://inflation.us/jpmorgancoveringsilver.html

On February 5th, 2010, JP Morgan was successful at manipulating the price of silver down to below $15 per ounce. On February 7th, NIA wrote an article entitled, "NIA Bets Big on Silver Price Recovery" in which it said, "NIA is betting big that this past week's short-term decline in the paper price of silver was just a temporary wash out, before a huge surge in silver prices later in 2010. One of NIA's co-founders purchased on Friday, 1,300 January 2011 $20 SLV call options at a price of $0.89." These call options that NIA suggested went on to rise as much as 1,024% to a high this month of $10.