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Andrew Maguire: DOJ Told JP Morgan To Reduce Silver Position

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  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭

    You can put trolls on your ignore list. I just wish it was limited on "only" 5 names......lol.

    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • derrybderryb Posts: 36,821 ✭✭✭✭✭
    edited August 20, 2020 1:21PM

    @roadrunner said:
    You can put trolls on your ignore list. I just wish it was limited on "only" 5 names......lol.

    thanks, I thought that was just to ignore PMs but now I see it hides trolling.

    I typed in "troll" and it took out 3 of them. LOL

    to my trolls: if I no longer respond to your comments it's because I can no longer see them.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • cohodkcohodk Posts: 19,122 ✭✭✭✭✭
    edited August 20, 2020 2:10PM

    @MsMorrisine said:
    that read like another spoofing conviction.

    And surely this is what kept silver from going to 100 in 2011 and is what drove it to 20 in 2013. After all thats what has been contended. Lol

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • cohodkcohodk Posts: 19,122 ✭✭✭✭✭

    @roadrunner said:
    You can put trolls on your ignore list. I just wish it was limited on "only" 5 names......lol.

    If there are that many then maybe you should teconsider who are trolls.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭

    Golly! It sure appears that the large scale precious metal dealing industry is very corrupt, with large profits going to the pumpers and dumpers!

    and who are the victims?

    Is it the small time customers who buy and hold collectibles from them?

    Scary!

    Liberty: Parent of Science & Industry

  • cohodkcohodk Posts: 19,122 ✭✭✭✭✭
    edited August 20, 2020 2:15PM

    @derryb said:
    to my trolls: if I no longer respond to your comments it's because I can no longer see them.

    Hiding from truth is your strong suit.

    My moomy said if people dont agree with me then i should just ignore them. Thats enough to burst ones belly.

    But back to the topic...anyone sern these "liquidation orders" yet?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • blitzdudeblitzdude Posts: 5,894 ✭✭✭✭✭

    @cohodk said:

    @derryb said:
    to my trolls: if I no longer respond to your comments it's because I can no longer see them.

    Hiding from truth is your strong suit.

    My moomy said if people dont agree with me then i should just ignore them. Thats enough to burst ones belly.

    But back to the topic...anyone sern these "liquidation orders" yet?

    CME CLEARING - COMEX DELIVERY NOTICES
    CONTRACT: AUGUST 2020 COMEX 5000 SILVER FUTURES
    INTENT DATE DAILY TOTAL


    08/13/2020 3
    08/14/2020 2
    08/17/2020 2
    08/19/2020 4

    Looks like peanuts to me.

    The whole worlds off its rocker, buy Gold™.

  • MsMorrisineMsMorrisine Posts: 33,077 ✭✭✭✭✭
    edited August 20, 2020 2:43PM

    As Scotiabank admitted in the DPA, Flaum and the three other traders, collectively, placed thousands of orders to buy and sell precious metals futures contracts with the intent to cancel those orders before execution. By placing these orders, the traders intended to artificially move the prices of precious metals futures contracts in a direction that was favorable to them, and to inject false and misleading information into the precious metals futures markets in order to deceive other market participants into believing something untrue, namely that the market reflected legitimate supply and demand. This false and misleading information was intended to, and at times did, trick other market participants into reacting to the apparent change and imbalance in supply and demand by buying and selling futures contracts at quantities, prices, and times that they otherwise likely would not have traded.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • taxmadtaxmad Posts: 978 ✭✭✭✭

    @blitzdude said:

    @cohodk said:

    @derryb said:
    to my trolls: if I no longer respond to your comments it's because I can no longer see them.

    Hiding from truth is your strong suit.

    My moomy said if people dont agree with me then i should just ignore them. Thats enough to burst ones belly.

    But back to the topic...anyone sern these "liquidation orders" yet?

    CME CLEARING - COMEX DELIVERY NOTICES
    CONTRACT: AUGUST 2020 COMEX 5000 SILVER FUTURES
    INTENT DATE DAILY TOTAL


    08/13/2020 3
    08/14/2020 2
    08/17/2020 2
    08/19/2020 4

    Looks like peanuts to me.

    Can you find same dates - 2019?

  • cohodkcohodk Posts: 19,122 ✭✭✭✭✭

    @MsMorrisine said:
    As Scotiabank admitted in the DPA, Flaum and the three other traders, collectively, placed thousands of orders to buy and sell precious metals futures contracts with the intent to cancel those orders before execution.

    Clearly that kept the price from going to 100. And forced it back down to 20. Lol

    Whats interesting is that when these shenanigans stopped in 2016, the price of silver went down to sideways for years. If one wanted to draw more from this, as some derrydo, then they would conclude these actions actually kept a floor under silver.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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