Last month after a report surfaced that US regulators planned to drop the silver market manipulation probe, CFTC Commissioner Bart Chilton described the report as premature and inaccurate. We haven’t heard much since, but our guest Bill Murphy has an update on the bank at the center of silver manipulation claims, JP Morgan. JP Morgan has a major problem with their massive short position according to GATA. Bill believes that it won’t be long before their role in the market manipulation scheme is exposed. Meanwhile, the silver market maybe the tightest it has ever been to secure physical supply in size, and delivery can take months. Bill Murphy, author of LeMetropoleCafe.com, forecasts the bank will have a problem with its short silver position in the near future. Could it explode this month? He says yes and explains why.
GATA’s Bill Murphy on the JP Morgan Silver Shortage and the next Bullion Bank Run!
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