As you likely know, the former head of precious metals trading for JP Morgan, Michael Nowak, is currently on trial for managing a gold price manipulation scheme through the firm's New York and London trading desks.
So last week, I spent some time discussing this subject with Ivan and Jim at Wall Street Silver and it was fun to share again some of the background details. You may recall that when the US DoJ first indicted Nowak in 2019, I wrote this post detailing the corruption that is pervasive in cases like these. If you've never read this link, perhaps you should do so now:
And then you should watch this video.
Many thanks to Ivan and Jim for the discussion. They are both tireless advocates for sound money and I am very glad to have them on our side.
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