JPM Market Manipulation
goldbug15
Posts: 15
They've been under investigation for a long time regarding market manipulation. This just sounds fishy: http://www.ahametals.com/jp-morgan-physical-silver/
0
Comments
Welcome to the forum.
"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
<< <i>markets are manipulated. Just ask any one here.
Welcome to the forum. >>
And we're all sad that we're not kept in the loop lol
Rascals!
Liberty: Parent of Science & Industry
<< <i>Yep... got to be manipulated or I would be rich.... Cheers, RickO >>
ok, I literally laughed out loud at that one. too funny!
"In this paper we conclude that JP Morgan [JPM] in cooperation with the Bank of International Settlements [BIS] controls the dollar gold price by using their very dominant position in gold derivatives in the US Banking System."
"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
JPM are the same guys that bought the huge otc silver derivatives position from BSC in early 2008 as they went under....then doubled it. By July 2008 they had increased that position to $200 BILL or the equivalent of 13 yrs of total world silver production. Why hedge a year's worth of production when you can do 13 yrs? Silver prices began the final crash in July 2008. Those 2008 positions were so huge than even today the total reported US otc market silver derivatives are only in the range of $50-$75 BILL.
Since JPM is helping GSC do God's work, don't expect any investigations to end up with much more than a 1% wrist slap, and no jail time. TBTFail had become TBTJail.
Reminds me of the movie The Big Short. Someone needs to figure out when the whole deck of cards is coming down so we can all become rich like they did in the movie
Yes indeed. The $64 trillion dollar question. Should we start a poll?
Reminds me of the movie The Big Short. Someone needs to figure out when the whole deck of cards is coming down so we can all become rich like they did in the movie
Think "subprime auto loans."
"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