HSBC and J.P. Morgan Face Lawsuits for Precious Metals Manipulations

Hard-money writer David Bond has composed a short but cogent update (excerpted above) that spells out what could be going on with the gold and silver markets now and in the near future. It's his impression (and the impression of some Bell feedbackers, as we noticed yesterday) that the metals markets have arrived at an imminent turning point. The CFTC itself is beginning to acknowledge that there has been significant manipulations of the metals markets and several lawsuits have now been filed.