Tagged with 'jp morgan silver'

JP Morgan Gold Rigging a Fraction of the Story | Chris Powell, GATA.org

JP Morgan SIlver Manipulation a Fraction of the Story Chris Powell GATA.org GATA SD Bullion

Not only a strong end to the week for the monetary precious metals prices, but also a week that began with one of the biggest bombshell news items and criminal lawsuits filed against the often alleged silver and other precious metals market rigging bank, JP Morgan Chase.

Chris Powell of the Gold Anti-Trust Action Committee (GATA.org) drops by to discuss this US Department of Justice RICO criminal lawsuit against the Global Head of JP Morgan Precious Metals Trading Desk and other silver, gold, platinum, and palladium trading executives at the too-big to restructure bank.

We dig not only in the details of the train wreck that is JP Morgan in 2019 but also how disgraced the LBMA and CME Group's COMEX NYMEX are by association and public record documentation.

This bombshell lawsuit is just a fraction of the story to likely unfold. Come on inside.

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JP Morgan Silver Conspiracy Fact? | DoJ Comes Down Hard

Today’s news out of the Department of Justice is one in which many have been waiting to see for a very long time.

The former head of the JP Morgan Precious Metals derivative trading desk and others have gotten formally charged with RICO and financial crimes.

Here we dive into a few details of the charges as well pose more profound questions and facts for market participants.

Which other major unreported factors might continually also "undermine the investing public’s trust in the integrity of our commodities markets?" 

Whose faith in our financial markets has no doubt wained over the last decade or more in time? This good news aside. Shattering faith in financial markets has only just begun.

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JP Morgan Precious Metals Trading Head Placed on Leave

JPMorgan Silver Trading Desk Head Placed on Leave SD Bullion

A report out of Reuters just confirmed that JP Morgan's Head of Precious Metals Trading in New York was put on leave last month, August 2019.

Having worked as the bank's leading silver, gold, platinum, palladium, and base metals derivative contract trader for over 23 years, was perhaps not enough time served for JP Morgan to remain loyal.

JP Morgan is still under an ongoing US Department of Justice (DoJ) investigation into the bank's often nefarious precious metals trader crimes committed often over the last more than one decade.

See some of the recent JP Morgan precious metal trader crime convictions and let us ponder on which may further come via the DoJ's deepening investigation.

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Ted Butler | +100 Million oz Silver Trade, JP Morgan Busted Again

Ted Butler Silver Trade over 100 million ounces in under 3 months SD Bullion

Another longtime JP Morgan precious metals trader busted by the US Justice Department this week.

In the last three months of time, we have witnessed over 100 million troy ounces of silver bullion flow into three major silver ETFs.

An amount of silver bullion nearly equivalent to both the 1980 Hunt Brothers and late pre-2000 Warren Buffett Berkshire Hathaway silver hoards. 

This week, we speak with multi-decade silver analyst Ted Butler about these big silver news items and more.

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Another JPMorgan Silver Spoofing Ex-Employee Pleads Guilty

JP Morgan silver price manipulations confirmed SD Bullion

The US Department of Justice announced yesterday that another long-time former JPMorgan Chase precious metals trader admitted guilt to financial criminal charges involving critical price discovery precious metals derivative contracts (same ones that often dictate the physical bullion prices on this website).

Mr. Christian Trunz, "learned to spoof from more senior traders, and spoofed with the knowledge and consent of his supervisors," said the Justice Department. Trunz was said to be co-operating with the US Justice Department's ongoing investigation.

Anyone with common sense can presume that Trunz’s nine-year front running and financial lawbreaking career, was likely a symptom of wider systematic financial criminality ongoing at JP Morgan.

We should expect more former and potentially current JPMorgan and other commercial banks' precious metal associated traders to end up in prison ultimately.

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Another Silver Manipulation Trader Busted | Scotia & Bear Sterns

Precious Metals Manipulation

Another former commercial bank precious metals derivative trader pleaded guilty to manipulating precious metal futures contract prices.

The same leveraged COMEX and NYMEX derivative price discovery contracts that help determine physical gold, platinum, palladium, and silver bullion product prices, day after day.

This most recently guilty precious metal trading traitor, who worked for Bear Stearns and a Scotiabank subsidiary desk, is now in cooperation with a US Justice Department investigation. 

The US Department of Justice is also digging into JPMorgan’s ongoing role in manipulating precious metal prices over a similar timeframe. Read the sordid details and conspiracy facts.

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Who owns the most Silver Bullion? | Ag Whales in the Fully Fiat Era

Who owns the most Silver? SD Bullion

Great week in silver and gold spot price action. Also, a week in which some bullion industry analysts were speculating on potential silver whales going long in the market.

In this silver podcast, we go silver whale hunting, but instead of venturing guesses, we're going to use source documents to understand a few things like the following.

Learn modern-day silver hoards of bullion and derivative facts. Put some faces and names to the largest private silver bullion piles ever amassed.

Hear directly from some of them, both on their main shortcomings and continued scapegoatings. See why the most massive silver hoarder today may also be stashing gold bullion too for fear of failure.

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Do like JP Morgan’s doing, Buy Silver Bullion

JP Morgan Silver Manipulation Crimes US Department of Justice Investigation Ongoing

Roll in your supposed silver cornering Hunt Brothers graves.

Eat your former silver buying hearts Warren Buffett, Charlie Munger, & Berkshire Hathaway.

This silver trade has taken over 50 years to formulate fully. JP Morgan's COMEX warehouse now holds perhaps the most significant non-government physical silver bullion position in recorded financial history.

The largest silver bullion owner is currently under investigation by the US Department of Justice for financial market crimes in the silver and other precious metals derivative markets. Later this year we should learn more facts. 

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If JPMorgan Allows It... | Ed Steer Gold and Silver Daily

JP Morgan Silver Precious Metal Lawsuit DOJ Ed Steer

This week we are welcoming a first-time guest to the show, a man with multiple decades of investing experience and documentation of the precious metals markets, Mr. Ed Steer.

Ed has been an outspoken critic of the precious metals price discovery complex and commercial bank concentration. His comments on the ongoing Department of Justice prosecution of ex-JP Morgan precious metals traders is worthy of your ears.

What did Ed think of former CFTC commissioner Bart Chilton's recent admissions about JP Morgan's involvement in the silver and precious metal complex?

What has surprised Ed over the years, and what does he believe is in store for the monetary metals in the coming decade?

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A Chronicle Bigger Than Finance | Chris Marcus

Precious Metal Manipulation JP Morgan Silver Criminal Investigation SD Bullion silver gold podcast

This week we have an in-depth conversation with a first-time guest to the show, Chris Marcus of Arcadia Economics will be joining us to talk about his decade's long experience in the precious metals markets.

As well, we close our discussion talking about his final interview with the recently deceased former CFTC commissioner Bart Chilton.

You won't want to miss some of the admissions that Bart Chilton made about JP Morgan and silver markets, before passing away from a battle with pancreatic cancer.

Be sure to check this week's show notes too, embedded you will also find Chris' groundbreaking final discussion with Bart Chilton covering the silver price manipulation saga both behind us, ongoing, and ahead.

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JP Morgan Silver Manipulation Confirmation | Ted Butler

JPMorgan Silver Manipulation Confirmation Ted Butler SD Bullion Podcast

This week's guest has spent a large portion of his adult life, working on knowledge revolving around commodity price discovery, most specifically in the silver market (COMEX).

Ted Butler visits with us, to discuss the FBI's recent receiving of a guilty plea from a 13 year ex-precious metal derivative trader who manipulated spot prices for years while working at JP Morgan.

There is much more to this story. The Department of Justice published the following words on their website...

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Growth of Exchange for Physical (EFPs) on COMEX

Growth of Exchange for Physical EFPs on COMEX @Daniel_March3 SD Bullion SDBullion.com Bullion Podcast

This week we had our Metals & Markets discussion with a former Loco London trader, Daniel March. Topics ranged from his start in March 2008 at JP Morgan to his experience in the Loco London trade in London. And the explosive growth in Exchange for Physical (errr Paper) phenomenon on the COMEX and LBMA.

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