Bill Murphy is ecstatic.

"Think about it … JP Morgan and HSBC have been hit with one-two punches within days. You have a government organization talking about FRAUD and then you have two heavy hitter law firms suing Morgan and HSBC for the same fraud. This is going to make it very difficult for both of the judge to dismiss the lawsuits as frivolous.

GATA has some dessert for you. The Bart Chilton charges and the lawsuit are only JACKS FOR OPENERS. There is more to surface in the months ahead which will send The Gold Cartel forces reeling. Stay tuned!

As far as the silver market is concerned, this news is SO BULLISH for the price, and at a minimum, as Adrian likes to say, you now have a free silver trade. If this weeks’ news comes to no avail, it is neutral for the price. If it plays out anything close to what GATA believes is likely to come to pass, it is EXPLOSIVE!

Why:

We are all over this; however the combination of these dramatic revelations is just beginning to percolate in the investment world. This can take weeks to sink in. The BIG MONEY is going to go after silver as sharks would, smelling blood in the water. Already, we know that big money has been moving into the physical market, as reported here for months. What do you think they, and others, will do knowing JP Morgan’s legal and financial vulnerability due to their illegal trading activities? How about when that BIG MONEY realizes JP Morgan Chase is short some 30,000 contracts on the Comex alone? There is no telling what the price of silver could do on the upside on any given day in the weeks ahead.

Congrats and a big thanks to Andrew Maguire and Adrian Douglas for all they have done for GATA and for those who believe in free and fair markets. This will be an epic financial market story of a lifetime when all is said and done."