The bankers are always the first to know

derryb

"There's something happening here. What it is ain't exactly clear."

• JPM moves 50 employees from precious metals trading desk to Singapore. Physical metal is fleeing the west and JPM is following it.
• JP Morgan recently reclassified 13.4 million ounces of their silver and moved it from the public available registered category and tucked it away.
• In early December COMEX trading froze for 11 hours.
• Singapore is becoming the world’s commodities hub, with no import tariffs on gold and deep ties to China’s Shanghai Gold Exchange.
• The gold market’s center of gravity is shifting. Asia is where metal is being bought. The West is where confidence is being lost. The real gold market now lives in Asia.
• While central banks continue record buying, they are repatriating their gold instead of trusting Western custodians.
• COMEX and London Bullion Market Association (LBMA) vaults saw massive delivery demand leading to critically low inventories and spiking lease rates (even 100%).
• Gold and silver recently hit record highs. Demand is high, supply is low.

Lines que outside Bullion Star in Singapore:

blitzdude

Sounds like another nothingburger™ drawn up conspiracy theory to me. RGDS!

jt88

@derryb said:
"There's something happening here. What it is ain't exactly clear."

• JPM moves its entire precious metals trading desk to singapore. 50 employees given a week's notice to be relocated at the end of November. Physical metal is fleeing the west and JPM is following it.
• JP Morgan recently reclassified 13.4 million ounces of their silver and moved it from the public available registered category and tucked it away.
• In early December COMEX trading froze for 11 hours.
• Singapore is becoming the world’s commodities hub, with no import tariffs on gold and deep ties to China’s Shanghai Gold Exchange.
• The gold market’s center of gravity is shifting. Asia is where metal is being bought. The West is where confidence is being lost. The real gold market now lives in Asia.
• While central banks continue record buying, they are repatriating their gold instead of trusting Western custodians.
• COMEX and London Bullion Market Association (LBMA) vaults saw massive delivery demand leading to critically low inventories and spiking lease rates (even 100%).
• Gold and silver recently hit record highs. Demand is high, supply is low.

Lines que outside Bullion Star in Singapore:

Nice summary but you did not mentioned that COMEX raised 10% margin requitement last Friday.

softparade

@jt88 said:

@derryb said:
"There's something happening here. What it is ain't exactly clear."

• JPM moves its entire precious metals trading desk to singapore. 50 employees given a week's notice to be relocated at the end of November. Physical metal is fleeing the west and JPM is following it.
• JP Morgan recently reclassified 13.4 million ounces of their silver and moved it from the public available registered category and tucked it away.
• In early December COMEX trading froze for 11 hours.
• Singapore is becoming the world’s commodities hub, with no import tariffs on gold and deep ties to China’s Shanghai Gold Exchange.
• The gold market’s center of gravity is shifting. Asia is where metal is being bought. The West is where confidence is being lost. The real gold market now lives in Asia.
• While central banks continue record buying, they are repatriating their gold instead of trusting Western custodians.
• COMEX and London Bullion Market Association (LBMA) vaults saw massive delivery demand leading to critically low inventories and spiking lease rates (even 100%).
• Gold and silver recently hit record highs. Demand is high, supply is low.

Lines que outside Bullion Star in Singapore:

Nice summary but you did not mentioned that COMEX raised 10% margin requitement last Friday.

Yep, more #manipulation
Bunch of LOSERS lolz

jmski52

Sounds like another nothingburger™ drawn up conspiracy theory to me. RGDS!

If you are sitting at the poker table and you don't know who the "mark" is, it's you!

Good Luck!

(you'll need it)

MsMorrisine

@derryb said:
Lines que outside Bullion Star in Singapore:

looks like a top

MsMorrisine

@jt88 said:

Nice summary but you did not mentioned that COMEX raised 10% margin requitement last Friday.

margins can be adjusted for a rise in the underlying price

derryb

@blitzdude said:
Sounds like another nothingburger™ drawn up conspiracy theory to me. RGDS!

no worse than the gutter theory

derryb

@MsMorrisine said:

@jt88 said:

Nice summary but you did not mentioned that COMEX raised 10% margin requitement last Friday.

margins can be adjusted for a rise in the underlying price

raising margins lowers paper demand in times of delivery issues.

johnny9434

Amazing

GoldFinger1969

My ex-private bank colleague works for JP Morgan on their precious metals desk. He has not been transferred....he works in mid-town Manhattan, awaiting transfer to their new building a few blocks away.

And they have lots more than 50 people in the PM area.

derryb

@GoldFinger1969 said:
My ex-private bank colleague works for JP Morgan on their precious metals desk. He has not been transferred....he works in mid-town Manhattan, awaiting transfer to their new building a few blocks away.

And they have lots more than 50 people in the PM area.

As I stated 50 people from the desk are being transferred, apparently he is not one of them. See if he's authorized to confirm the repoort of JPM opening a desk in Asia.

coastaljerseyguy

Sometimes the bankers are the first to know because they caused the mess before the $xxx hits the fan effecting the masses.

jmski52

As I stated 50 people from the desk are being transferred, apparently he is not one of them. See if he's authorized to confirm the repoort of JPM opening a desk in Asia.

Initially I heard that the main trading desk was moving to Singapore, on short notice. I have subsequently heard that the initial report was erroneous. Time will tell. Vince Lanci thinks that the overall price-setting trend is towards Asia which isn't that hard to believe.

blitzdude

@jmski52 said:
As I stated 50 people from the desk are being transferred, apparently he is not one of them. See if he's authorized to confirm the repoort of JPM opening a desk in Asia.

Initially I heard that the main trading desk was moving to Singapore, on short notice. I have subsequently heard that the initial report was erroneous. Time will tell. Vince Lanci thinks that the overall price-setting trend is towards Asia which isn't that hard to believe.

Source? Youtube, Tweeter, or Reddit? THKS!

P.S. You heard the gospel then you heard the reports were erroneous. Guess you have all the bases covered. Lulz!

derryb

@coastaljerseyguy said:
Sometimes the bankers are the first to know because they caused the mess before the $xxx hits the fan effecting the masses.

contributing heavily to insiders sure helps.

jmski52

You heard the gospel then you heard the reports were erroneous. Guess you have all the bases covered.

I'm just reporting what I've heard. I contribute to the conversation when I hear something interesting.

Why don't you try that sometime instead of making purposely inane comments all of the time?

blitzdude

@jmski52 said:
You heard the gospel then you heard the reports were erroneous. Guess you have all the bases covered.

I'm just reporting what I've heard. I contribute to the conversation when I hear something interesting.

Why don't you try that sometime instead of making purposely inane comments all of the time?

I report the facts, you seem stuck on fiction. RGDS!

dcarr

@blitzdude said:

@jmski52 said:
You heard the gospel then you heard the reports were erroneous. Guess you have all the bases covered.

I'm just reporting what I've heard. I contribute to the conversation when I hear something interesting.

Why don't you try that sometime instead of making purposely inane comments all of the time?

I report the facts, you seem stuck on fiction. RGDS!

.

Show one post you made on this forum where you reported "facts" and not opinion.

.

jmski52

I report the facts, you seem stuck on fiction. RGDS!

Let's talk about some actual facts and what you've done ever since you joined the forum.

Since you came onboard, you've never once acknowledged that silver might be a good choice for investment or speculation. Never once. What you have done is to badmouth silver and by extension you are suggesting that anyone who holds physical silver is a lower class individual or somehow less than you.

This year-to-date, gold has increased by about 64.5%. Silver has increased by about 119.6%. In 2025, silver has increased in value almost TWICE as much as gold, and yet you have continued to badmouth silver. Those are the facts, and you don't acknowledge the facts that are in front of your own face.

I would welcome it greatly if you would bring some real documented facts to the table and stop referring to silver in a derogatory way. Can you bring some facts into the conversation and stop trying to derail any discussion of what's happening in the market? Can you accept the challenge?

derryb

@jmski52 said:
I report the facts, you seem stuck on fiction. RGDS!

Let's talk about some actual facts and what you've done ever since you joined the forum.

Since you came onboard, you've never once acknowledged that silver might be a good choice for investment or speculation. Never once. What you have done is to badmouth silver and by extension you are suggesting that anyone who holds physical silver is a lower class individual or somehow less than you.

This year-to-date, gold has increased by about 64.5%. Silver has increased by about 119.6%. In 2025, silver has increased in value almost TWICE as much as gold, and yet you have continued to badmouth silver. Those are the facts, and you don't acknowledge the facts that are in front of your own face.

I would welcome it greatly if you would bring some real documented facts to the table and stop referring to silver in a derogatory way. Can you bring some facts into the conversation and stop trying to derail any discussion of what's happening in the market? Can you accept the challenge?

a simple "I was wrong" would suffice. But no, the hole keeps getting dug deeper. But rest assured silver. as always, will retreat from its highs and you will likely proclaim "see, I was right." LOL

blitzdude

I've been buying and even promoted the gutter metal for years. Almost everything on planet earth has doubled, tripled, quadrupled and more in that time. The gutter hasn't even made it to its inflation adjusted 1980 high. I can't help it you put all your eggs in the wrong basket. My only suggestion to you is perhaps listen and learn next time. THKS!

coastaljerseyguy

@blitzdude said:
I've been buying and even promoted the gutter metal for years. Almost everything on planet earth has doubled, tripled, quadrupled and more in that time. The gutter hasn't even made it to its inflation adjusted 1980 high. I can't help it you put all your eggs in the wrong basket. My only suggestion to you is perhaps listen and learn next time. THKS!

No one has suggested to put all their invest-able funds into silver or any single asset. And you can't use the Hunt Brothers manipulated silver price as a base. If you exclude that period I think $5 per oz would be a good base # to determine its inflation protection.

derryb

@blitzdude said:
I've been buying and even promoted the gutter metal for years. Almost everything on planet earth has doubled, tripled, quadrupled and more in that time. The gutter hasn't even made it to its inflation adjusted 1980 high. I can't help it you put all your eggs in the wrong basket. My only suggestion to you is perhaps listen and learn next time. THKS!

my basket more than doubled this year alone.

blitzdude

As did everyone else's basket, some even realized a 3-bagger. Too bad the gutter basket was lost for the 4.5 decades prior. RGDS!

coastaljerseyguy

@blitzdude said:
As did everyone else's basket, some even realized a 3-bagger. Too bad the gutter basket was lost for the 4.5 decades prior. RGDS!

Really, are you watching the market, better then silver, maybe if invested heavily in tech stocks. McDonalds is up ~ 12%, Walmart ~ 25%, and the Dow up ~ 13%. The magnificent 7 are carrying the market. If they falter, the 'you know what' will hit the fan. BTC down 10%. I thought you were sticking with facts.

blitzdude

@coastaljerseyguy said:

@blitzdude said:
As did everyone else's basket, some even realized a 3-bagger. Too bad the gutter basket was lost for the 4.5 decades prior. RGDS!

Really, are you watching the market, better then silver, maybe if invested heavily in tech stocks. McDonalds is up ~ 12%, Walmart ~ 25%, and the Dow up ~ 13%. The magnificent 7 are carrying the market. If they falter, the 'you know what' will hit the fan. BTC down 10%. I thought you were sticking with facts.

Gutter metal makes a move every few decades. This is nothing new and expect it as always to be temporary. The rest of the world be BOOMIN!™. Diversification is the best advice I can give to you. THKS!

derryb

@blitzdude said:
As did everyone else's basket, some even realized a 3-bagger. Too bad the gutter basket was lost for the 4.5 decades prior. RGDS!

the last decade affects me and I'm pleased with its returns.

blitzdude

@derryb said:

@blitzdude said:
As did everyone else's basket, some even realized a 3-bagger. Too bad the gutter basket was lost for the 4.5 decades prior. RGDS!

the last decade affects me and I'm pleased with its returns.

You said it brother. BOOMIN!™. RGDS!

UpGrayedd

@blitzdude said:

@derryb said:

@blitzdude said:
As did everyone else's basket, some even realized a 3-bagger. Too bad the gutter basket was lost for the 4.5 decades prior. RGDS!

the last decade affects me and I'm pleased with its returns.

You said it brother. BOOMIN!™. RGDS!

Silver be BOOMIN!®. BR!

GoldFinger1969

@derryb said:
As I stated 50 people from the desk are being transferred, apparently he is not one of them. See if he's authorized >to confirm the repoort of JPM opening a desk in Asia.

They're opening new desks/retail spaces, but they've been doing this for years; it got stopped during Covid. They've been opening them since the 1997 Asian Financial Crisis.

rockshow13

JPM has had offices in Singapore since 1964. In 2022 they opened a new flagship office, housing over 1/3 of its local staff. (per AI) Rumor of 50 more employees transferred wk. of Thanksgiving, not verified.