JPMorgan, HSBC sued for alleged silver conspiracy By Jonathan StempelNEW YORK | Wed Oct 27, 2010 6:20pm EDT
NEW YORK (Reuters) - JPMorgan Chase & Co and HSBC Holdings Plc were hit with two lawsuits on Wednesday by investors who accused them of conspiring to drive down silver prices, and reaping an estimated hundreds of millions of dollars of illegal profits.
The...
Wednesday, 27 October 2010
Act Now, CFTC Is Urged
By Susan Pulliam & Carolyn CuiA Commodity Futures Trading Commission regulator is putting pressure on the agency to take action in a high-profile, two-year-old investigation of the silver market.
At a CFTC hearing Tuesday to consider new rules to strengthen its commodity-enforcement powers, commissioner Bart Chilton said market...
Silver Subject to Price Manipulation, Chilton Says
By Asjylyn Loder and Pham-Duy Nguyen - Oct 26, 2010 6:17 PM GMT
As an investigation of the silver market by the top U.S. commodity regulator entered a third year, a member of the Commodity Futures Trading Commission said today there have been “repeated attempts” to influence prices.
“There have been fraudulent...
Wednesday, 20 October 2010
Speculators polish up the price of silver
By Jack Farchy in London
Published: October 20 2010 17:37 | Last updated: October 20 2010 17:37
“Almost anything is better than paper money ... any fool can run a printing press.”
These are not the words of a modern-day gold bug, but attributed to Nelson Bunker Hunt, the billionaire oil baron who went long on silver in the 1970s. So long, in fact, that he and his brother cornered the market,...
Saturday, 16 October 2010
Momentum to propel silver price to new levels.
JOHANNESBURG -
Author: David Levenstein
Posted: Thursday , 14 Oct 2010
In 1980, the price of silver exploded upwards and traded above $50 an ounce. I recall this very clearly because I was trading silver through the London Metals Exchange (LME). In those days, the contract offered by the LME was 10,000 ounces,...
Wednesday, 13 October 2010
Monday, 11 October 2010
Sunday, 3 October 2010
October 2, 2010 - An Unexpected Boost for Silver
By PiercePoints by Dave Forest
I wrote last week about Asia’s love for platinum. This week, it’s looking like there’s a new “hot item” in the East.
Silver.
Open interest in silver on the Tokyo Commodity Exchange has been on a tear. Since last Friday, outstanding contracts have jumped 20%.
It would be tempting to chalk the rising interest...
03 Oct 2010 - Investors see silver lining in economic gloom
By Garry White
Published: 7:00PM BST 03 Oct 2010
Silver prices have risen 31pc in 2010 to a 30-year high, outperforming gold, equities and most base metals. On Tuesday, the gold-silver ratio dropped below 60 for the first time in 11 months. The gold-silver ratio is simply the number of ounces of silver it takes to buy one ounce...
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