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Sunday, September 18, 2011

JP Morgan Allegedly Telegraphed Silver Price Smashes Using Massive FAKE TRADES on Saxo Bank Platform

Sunday, September 18, 2011

The class-action lawsuit against JP Morgan alleging silver price manipulation has exposed several shocking revelations regarding JP Morgan's alleged price suppression of silver- including the PURPOSE of major smash-downs occurring in the hours leading up to options expiration.

The suit alleges that JPM orchestrated monthly options-expiry smash downs with the express intent of blowing up the "delta" risk of holders of short, far-out-of-the money options, suddenly forcing them to cover their positions, thus handing JPM silver futures positions at prices far below market prices only minutes prior.


The suit also alleges that JPM made over 25 massive FAKE TRADES using Saxo Bank during sparse Globex evening hours prior to major silver raids for the express purpose of TELEGRAPHING AN IMPENDING SILVER SMASH TO THEIR BUDDIES!

8. Saxo combination
More than twenty five additional instances of this manipulative selling occurred appeared following the highly unusual appearance of a fake trade on the Saxo Bank Silver and FOREX trading platform. JP Morgan and Deutsche Bank assisted Saxo in providing this trade platform. However, this Saxo trade platform repeatedly published a fake trade through March 2010 that did not appear on the trade platform e-signal.

9. It was highly unusual for Saxo Bank to let a fake trade repeatedly appear on the Saxo Bank platform.

10. In fact, the fake trade consistently appeared at the same time of day.  This was between 5:45 pm and 6:00 pm when there was a lull in trading.

11. Moreover, the price of the fake trade was far removed from the immediate remainder of the other trades
Third, every fake trade involved a violent down drop that appeared on the chart and immediately returned.

12. The individual and cumulative effect of the more than twenty five plus COMEX price drops that occurred after the Saxo signal, was to cause COMEX prices to be lower than they otherwise would have been... continued