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Chris Marcus: Silver crashed in 2008 as JPM exceeded position limits

Section: Daily Dispatches

9:43p ET Wednesday, July 24, 2019

Dear Friend of GATA and Gold:
9:42p ET Wednesday, July 24, 2019

Dear Friend of GATA and Gold:

Chris Marcus of Arcadia Economics, putting price charts together with an interview with the late former member of the U.S. Commodity Futures Trading Commission, Bart Chilton, concludes today that the price of silver fell by more than half in 2008 while JPMorganChase was taking over the silver position of the insolvent investment bank Bear Stearns and in the process exceeding the CFTC's ordinary position limits. Marcus' analysis is headlined "Silver Manipulation Confirmed: 2008 Price Plunge From $21 to $9 Explained" and it's posted at Arcadia Economics here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


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