CFTC Investing J.P. Morgan's Involvement In Silver Market (SLV, JPM)

[link to www.benzinga.com]

CFTC Investing J.P. Morgan's Involvement In Silver Market (SLV, JPM)
By Roger Nachman
Created 03/11/2011 - 8:43am
Posted on 03/11/11 at 8:43am by Roger Nachman [1]

The CFTC [2] is investigating J.P. Morgan's (NYSE: JPM [3]) manipulation of the silver (NYSE: SLV [4]) market after years of cries from traders, blogs, and others.

The CFTC will look into the claims of people such as Ted Butler (ButlerResearch.com) and former metals trader Andrew McGuire that J.P. Morgan was colluding with other traders to start sell-offs in the precious metal, then buy up the metal in order to profit when prices recover.