***Precious Metals Investors Club***

[milo3]

SP, shame on me because JP Morgan Chase (JPM) has fooled me more than once by taking silver (down) to a price I least expected. After reading Ted Butler's article I'm looking for reasons why JPM might try to quickly recoup its losses on certain items experienced in 2013.
I'm figuring their court ordered billion$ in fines might have impacted their bottom line at a really bad time. Jim Willie points out JPM Chase's sale of their Manhattan headquarters to the Chinese for $725 million was beyond strange. (Remember this included a secure vault 10 stories underground as big a a football field). After researching the true value of JPM's headquarters at $2-$3 BILLION he smells something foul - like nearly defaulting a huge loan from the Chinese. He thinks they practically gave their headquarters away to avoid defaulting and he suspects a huge derivative (bet) loss was involved.

So, it could be ? during 2014 JPM might have extra incentive to run silver and gold up to profit from their huge holdings of both metals.