Agoracom just posted a link about J.P. Morgan Chase manipulation of silver prices...they backed off on a massive short position due to public backlash that exposed them. During the meltdown I read an article about B.A and another bank doing the same thing with gold while it was in a hyper climb mode, and the huge short positions stopped the trend, pulled the price down and they made millions.
Here's a very informative article I read yesterday about the central banks and gold price manipulation, something they look at 'as their job'.
This totally sucks. Just because these criminals sleep with the regulatory agencies doesn't mean they should get a free pass to do whatever they please. Hopefully there will be more public backlash about these tactics. IMO these cretins deserve prison sentences.
No matter how you spin it, they're cheating.
http://www.chaostheorien.de/artikel?p_p_id=101_INSTANCE_haR1&p_p_lifecycle=0&p_p_state=normal&p_p_mode=view&p_p_col_id=column-3&p_p_col_pos=1&p_p_col_count=2&_101_INSTANCE_haR1_struts_action=%2Fasset_publisher%2Fview_content&_101_INSTANCE_haR1_redirect=%2F&_101_INSTANCE_haR1_type=content&_101_INSTANCE_haR1_urlTitle=the-central-banks-dont-consider-it-manipulation-they-consider-it-part-of-their-job&page=1