Some interesting developments are taking place in the US. The Appeals Court has just reversed the judgement in favour of JP Morgan (JPM) in a civil suit for silver manipulation. The judge believed that there was ample evidence that JPM was involved in rigging the price of silver. So it is back to the lower court to embark on a fact finding mission to uncover more evidence.
JPM has accumulated almost 550M oz of silver in the last few years!
In Utah, the local government has introduced a bill to make gold and silver legal tender and transactions could be made with either. This bill will be put to vote. This is an attempt to remove the control of money by the Fed.
Both events;if JPM is found guilty for manipulation and the bill is passed could be positive to gold and silver.
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