bix weir discusses the silver market and jp morgan chase:

One Bank has the Hot Potato

So here we are 40 years after the official manipulation of silver began and the world is finally awakening to the situation. The CFTC, having investigated silver manipulation allegations twice previously, is into the 19th month of their 3rd investigation. They have even stated that the investigation was moved to the “Enforcement Division” within the CFTC which pretty much tells you what the conclusion of the investigation revealed.

Ted Butler of >Fact Versus Speculation where he showed how one bank, JP Morgan Chase, took over the Bear Stearns Silver COMEX Short position of 30,000 contracts or 150M oz. Since this report was published JP Morgan has increased this massive short position to around 40,000 contacts or close to 200M oz. In that time frame the price of silver has risen from $13 to currently around $19. Ask yourself what the price of silver would have been with out the additional 50M oz of silver sold into the market by JP Morgan? What about the entire concentrated short position of 200M oz that JP Morgan controls on the COMEX? Add to that various silver market manipulation tools such as naked shorting silver ETF’s, falsifying COMEX warehouse data, leasing and swapping metal and you have a situation that dwarfs the Hunt brothers case.

Of course, JP Morgan is no ordinary bank because they are also the LARGEST derivative holder in the WORLD at http://news.silverseek.com/SilverSeek/1259949753.php