Money Morning Mailbag: Big Banks Under Fire for Metals-Market Manipulation

A New York Post article in May reported that the Department of Justice had launched an investigation into the supposed metals-market manipulation by JPMorgan Chase & Co. (NYSE: JPM ). The article alleged that JPMorgan, which holds a number of derivatives in precious metals, attempted to lower the price of silver for its own profit. JPMorgan was quick to issue a response, stating there was no criminal or civil investigation into the company's silver trading practices. But as word spread around the Web, readers' comments poured in with concerns over the news: