J.P. Morgan is crashing on high volume as losses keep piling up. After 2 billion last week, it hit 3 billion this week and I think it will keep increasing.
|Chart 1: J.P. Morgan Chase & Co. (JPM)|
This interview with Bix Weir discusses the squeeze in J.P. Morgan.
As Max Keiser points out how the silver market is being manipulated by J.P. Morgan, finally, we see a weakening J.P. Morgan. As all banks were up today, J.P. Morgan was the only bank going down, with news about the cancellation of a share repurchase program. They won't even buy their own shares anymore.
As J.P. Morgan weakens, I predict that the silver price will be unleashed to the upside once the black swan appears.