The class action lawsuit against JP Morgan and HSBC took a slight turn sideways as HSBC was dropped from the case...
HSBC Dropped From The Silver Price Suppression Lawsuit
I had wondered what dirt the plaintiffs had on HSBC as the Silver market rigging controls were handled by JPM whereas the GOLD rigging is run primarily run by HSBC. This is evidenced by JPM being the custodian of the large silver ETF and HSBC being the custodian of the large gold ETF. Both these setups try to give the look of legitimacy to the over-sized paper short positions these companies hold on the COMEX.
Of course it's a fraud and the poor suckers who own these ETF's will LOSE in the end. And when these ETF's are shutdown and the investors paid out in cash where do you think all that money will go...
ALL THAT ETF MONEY WILL BE CHASING REAL PHYSICAL GOLD AND SILVER DRIVING THE PRICES EVEN HIGHER!
Of course "they" will claim the closing of the ETF's will flood the market with physical metal BUT WE KNOW DIFFERENT. No doubt they will unleash their tidal waves of paper metal derivatives to flush out the paper longs but THAT'S WHY it is so important to hold non-leveraged physical metal in your own possession as the volatility will be OFF THE CHARTS!
The announcement of this change in the class action suit comes at a very important time in the silver manipulation story. First of all, CFTC Commissioner Bart Chilton said that if the CFTC hadn't said anything about the silver manipulation by the end of September that he would. Is it coincidental that this news of tightening up the loose ends of the class action suit has come out right before a CFTC announcement? I guess we'll know soon enough.
But more importantly...we are very close to the BIG CRASH and the Good Guys know that a SILVER MOONSHOT would level the FINAL BLOW against the Banksters. Taking out JP Morgan will easily set off the Derivative "Weapon of Mass Financial Destruction" because they are the largest derivative holder in the world with over $70 Trillion Dollars worth of the toxic sludge!
We are getting to the final days in our battle.
Stay safe out there!
Bix Weir
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