Courtesy Jim Willies "Hat Trick Letter"

Andrew Maguire is a brave man. Let's hope and pray he survives the next year, is not killed by a drive-by shooting, is not the victim of a home robbery murder, is not suicided from hanging by the neck like the Freddie Mac CFO in his own home, and is not caught suddenly with child pornography on his office PC. Maguire is a metals trader in London with years of experience. He has been told first hand by traders working for JPMorgan that the monolith JPM manipulates the precious metals markets. The bastards at JPM openly boast about their easy substantial profits, the devices they use, and the impunity they operate under. What makes the Maguire story so damaging is the chronicle step by step, with advanced warnings, communications with the regulators, and their sleepy responses. He described in detail the way JPMorgan signals to the market its intention to take down the precious metals. Traders recognize these signals and make money shorting the metals alongside the lead wolf JPM. Maguire explained how there are regular and predictable market manipulations at the time of option expiration for precious metals futures contracts, of non-farm payroll data announcements, and of COMEX contract expiration rollovers. For instance, unsuspecting gold contract holders were overwhelmed by illegal naked shorts placed by JPMorgan and HSBC immediately before March 26th, option expiration. There was large open interest at strike prices from $1100 to $1150 in gold. As predicted by GATA, the manipulation started a week beforehand when gold was trading at $1126. Following expiration, gold traded at $1085 and all those call options expired worthless. Just another day at the office for JPMorgan hoodlums in London.

http://www.zerohedge.com/article/whistleblower-exposes-jp-morgans-silver-manipulation-scheme