Wednesday, December 29, 2010
Submitted by cpowell on Tue, 2010-12-28 06:31. Section: Daily Dispatches
A Chicago law firm yesterday announced another class-action lawsuit against J.P. Morgan Chase & Co. and HSBC Holdings PLC complaining of silver market manipulation. Interestingly, the lawsuit cites GATA's silver market manipulation whistleblower Andrew Maguire and U.S. Commodity Futures Trading Commission member Bart Chilton, and specifies mechanisms by which Morgan and HSBC could manipulate the silver market through the use of silver exchange-traded funds.....read on
Gold has sailed back above the $1400 level and silver has smashed its manipulated price ceiling of $30/oz. Trade was no doubt thin given the time of year, if these price levels hold into the first few weeks of 2011 then they may become the new price floors.
In a discovery described as a “milestone of archaeology,” scientists have found a 2,600-year-old aristocratic burial site at the Celtic hill fort at Heuneburg in Baden-Württemberg.
The noblewoman's tomb, dating from early Celtic times, measures four metres by five metres, and is exceptionally well-preserved. It contained gold and amber jewellery that makes possible for the first time the precise dating of an early Celtic grave.....read on