What do you think of this? Hmmmm...
 NewsroomMarket Alert
RE: Recent Market EventsMay 16, 2012Retail Dealers:
Over the past several years we have watched as the Metals Markets have been manipulated through the over concentration of Short Selling by a group of trading companies and Banks. Evidence amassed over these years shows that this group has been acting together in a concerted effort to suppress prices, an effort that appears to have been spearheaded by J.P. Morgan. Although this Activity is Against the Law, and would normally subject the perpetrators to Criminal Prosecution, this has all been done with the apparent blessing of the CFTC, as shown by their unwillingness to put a stop to it when presented with the evidence (including a detailed account of a manipulation event, both before and while that event was occurring). IT LOOKS AS IF ALL OF THAT IS ABOUT TO COME TO AN END!!!!
The writing is on the wall, and the latest Commitment of Traders Reports (COT), as of last Friday, tells it all. J.P. Morgan has been caught in the London Credit Default Swaps Market doing the exact same thing they have been doing in the Metals Markets. J.P. Morgan is now under serious regulatory examination by both the United States and British Authorities for these illegal activities which, according to Friday’s comments by Mr. Jamie Dimon, have already caused a trading loss of potentially $3 Billion, which is most likely just the tip of their iceberg. Two class action lawsuits have already been filed in New York in relation to the soured deal. The CFTC must surely come to the decision shortly, that they can no longer afford to sit idle, now that other governments and investors are taking action against J.P. Morgan. Of the $29 Billion of tax payer money, given to J.P. Morgan by the Federal Government in the Bear Sterns Takeover Deal, they have just thrown away $3 Billion Plus, Plus, Plus.
What we are witnessing now, as evidenced by Friday’s COT Report, is that J.P. Morgan and their co-conspirators appear to be aggressively exiting their illegal Market Manipulation Short Sell Positions in the Metals Market, and will likely never again be found to be in that position. What does this mean for all of us Long Term Precious Metals Owners? We have weathered the storm. Our rewards are just around the corner as the exodus of J.P. Morgan and their coconspirators from our Markets will bring us into an era of truly Free Markets, where prices are based on fundamentals, NOT SYNTHETIC PAPER MARKETS CONTROLLED BY A SELECT FEW, and WOW!!! The Fundamentals for our Precious Metals Products couldn’t be better.
So Ladies and Gentlemen, expect resurgence of true pricing and in a direction upwards over the next decade that should make the past decade appear to be minute. For those who did not follow our counsel of “Long Term Buy and Hold” and bailed out—We are sorry you chose not to “Stay the Course”, but come back if you can. For those who have hung in throughout this madness— Congratulations!!! You should soon reap the Rewards! For those who are thinking about adding to your Portfolio or starting your portfolio, it would appear that— NOW IS THE TIME, NOW IS THE TIME, NOW IS THE TIME!!!!!!
Trading Department – Precious Metals International, Ltd.
This is not a solicitation to purchase or sell. |
