David Morgan Silver Longs Getting Crushed by JP Morgan Manipulation

Friday, December 17, 2010

David Morgan Silver Longs Getting Crushed by JP Morgan Manipulation

According to the Golden Truth blog, JPM and GS prop desks have to stop trading commodities, but they CAN still trade bullion, because its considered a "banking" activity. So, don't expect JPM to leave silver alone due to the Volcker Rule... Ihave had a certain mindset since getting into silver (what to expect, when to buy/sell, etc.). I know this is a blessing- getting rid of those manipulators, but now I have to "reprogram" myself with a new plan of attack in this market.
I think the first thing that will happen is the gold:silver ratio draw closer to its 16:1 natural mark.

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