JP Morgan Metals Manipulation Probe Continues

This news deserves its own thread.

14
Fri, May 3, 2019 - 10:07am

As you likely know, a major trader at JP Morgan has been convicted of precious metals price manipulation through spoofing and other techniques. This person is now cooperating with prosecutors in an attempt to lessen his prison sentence.

JPM has attempted to sheepdip this person as a "low-level trader" but, in fact, he was a full vice president at the firm and has testified that his managers and superiors knew of and encouraged his actions. That his sentencing continues to be delayed is a sure sign that prosecutors are pleased with the what he had divulged thus far.

In today's latest news, JP Morgan finally acknowledges that "various authorities are conducting investigations". See below:

This story is far from over and it will continue to evolve through the year. Please be sure to read the full link here:

TF

About the Author

Founder
turd [at] tfmetalsreport [dot] com ()

  14 Comments

  Refresh
zenharmonics
May 5, 2019 - 7:20pm

Time is money

The BIS must be consulted first to maintain their "financial Inclusion" policy. Financial Inclusion not for us, but them. They must position their positions. No this is not a satire, its an actual speech. https://www.bis.org/speeches/sp190425.htm

bmorrowAgstAger
May 4, 2019 - 2:07pm

Bullion Dealers

You'll have to be willing to buy Canadian but...try Border Gold in White Rock, British Columbia or J&M Coins in Vancouver, British Columbia. Border also has a vaulting service and they also deliver.

No Thanks
May 3, 2019 - 5:49pm

Good pts Craig

Chris Marcus today speaking about the precious metals, silver manipulation sage ongoing and about his March 21, 2019, final interview with Bart Chilton - https://www.youtube.com/watch?v=ToR4B-XnpGM

Further backstory and backlinks: https://sdbullion.com/blog/chronicle-bigger-than-finance-chris-marcus/

@AgstAger you can use various PM forums to buy direct from others BUT be careful, lots of potential fraud in that game - https://www.reddit.com/r/Pmsforsale/. You can also shop at smaller bullion dealers who are ignorant and or too small to afford state sales tax website programming on their websites.

eBay if they don't have state sales taxes on bullion, they will soon. You can bet everything on that, they will do so if they want to stay in business.

J Siefert
May 3, 2019 - 3:15pm

Bart Chilton Confirms Silver Market Manipulation

Not sure if this has been posted here or not.

Bart Chilton Confirms Silver Market Manipulation
lakedweller2
May 3, 2019 - 11:45am

TF

I was thinking about Eric Sprott's comments (and yours) about Chilton and did not see this thread. I should have put it in this thread as it is relevant. See the latest thread (BLSBS Madness) concerning Chilton and my thoughts on the Silver Investigation and Chilton's comments of "insufficiency of evidence".

KeynesianKryptonite
May 3, 2019 - 11:18am
Angry Chef
May 3, 2019 - 11:01am

Sullivan & Cromwell’s Rodge Cohen: The Untold Story of the...

Fed’s $29 Trillion Bailout

Mrcic posted this link in the previous thread. Try and ponder the implications. It's mind blowing.

http://wallstreetonparade.com/2019/05/sullivan-cromwells-rodge-cohen-the...

And here's the whopper...

"Which might explain why the former Chairman of the Fed, Ben Bernanke, the former U.S. Treasury Secretary a/k/a the former Chairman and CEO of Goldman Sachs Hank Paulson, and the former President of the New York Fed, Tim Geithner, who oversaw the majority of that $29 trillion binge, are currently on a roadshow with a pitchbook to the major media outlets portraying their actions as heroic firefighters during the crisis. Oh, and by the way, they want to remove the restraints that the Dodd-Frank financial reform legislation placed on the Fed’s 13(3) ability to throw money at Wall Street in the next crisis ".

eastofwest
May 3, 2019 - 10:54am

Its all about the dates ... Because its always about the dates

Manipulation between 2009 to 2015 ... The Obama years ... And 2015 was the bottom of the Bear Market ...

Visit the FAQ page to learn how to track your last read comment, add images, embed videos, tweets, and animated gifs, and more.

Winder
May 3, 2019 - 10:50am

Sales tax

eBay?

Marcus
May 3, 2019 - 10:50am

JPM manipulation? Nah!

But if true, good thing we have a "manipulation analyst" in our corner.

Subscribe or login to read all comments.

Contribute

Donate Shop

Get Your Subscriber Benefits

Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

Key Economic Events Week of 7/6

7/6 9:45 ET Markit Service PMI
7/6 10:00 ET ISM Service PMI
7/7 10:00 ET Job openings
7/9 8:30 ET Initial jobless claims
7/9 10:00 ET Wholesale inventories
7/10 8:30 ET PPI for June

Key Economic Events Week of 6/29

6/30 9:00 ET Case-Shiller home prices
6/30 9:45 ET Chicago PMI
6/30 10:00 ET Consumer Confidence
6/30 12:30 ET CGP and SSHW to Capitol Hill
7/1 8:15 ET ADP Employment
7/1 9:45 ET Markit Manu PMI
7/1 10:00 ET ISM Manu PMI
7/1 2:00 ET June FOMC minutes
7/2 8:30 ET BLSBS
7/2 10:00 ET Factory Orders

Key Economic Events Week of 6/22

6/22 8:30 ET Chicago Fed
6/22 10:00 ET Existing home sales
6/23 9:45 ET Markit flash PMIs for June
6/23 10:00 ET New home sales
6/25 8:30 ET Q1 GDP final guess
6/25 8:30 ET Durable Goods
6/26 8:30 ET Pers Inc and Spending
6/26 8:30 ET Core inflation

Key Economic Events Week of 6/15

6/16 8:30 ET Retail Sales
6/16 8:30 ET Cap Ute and Ind Prod
6/16 10:00 ET Chief Goon Powell US Senate
6/16 4:00 pm ET Goon Chlamydia speech
6/17 8:30 ET Housing Starts
6/17 12:00 ET Chief Goon Powell US House
6/18 8:30 ET Initial Jobless Claims
6/18 8:30 ET Philly Fed
6/19 8:30 ET Current Account Deficit
6/19 1:00 pm ET CGP and Mester conference

Key Economic Events Week of 6/8

6/9 10:00 ET Job openings
6/9 10:00 ET Wholesale inventories
6/10 8:30 ET CPI for May
6/10 2:00 ET FOMC Fedlines
6/10 2:30 ET CGP presser
6/11 8:30 ET Initial jobless claims
6/11 8:30 ET PPI for May
6/12 8:30 ET Import price index
6/12 10:00 ET Consumer sentiment

Key Economic Events Week of 5/25

5/26 8:30 ET Chicago Fed
5/26 10:00 ET Consumer Confidence
5/27 2:00 ET Fed Beige Book
5/28 8:30 ET Q2 GDP 2nd guess
5/28 8:30 ET Durable Goods
5/29 8:30 ET Pers Inc and Cons Spend
5/29 8:30 ET Core Inflation
5/29 9:45 ET Chicago PMI

Key Economic Events Week of 5/18

5/18 2:00 ET Goon Bostic speech
5/19 8:30 ET Housing starts
5/19 10:00 ET CGP and Mnuchin US Senate
5/20 10:00 ET Goon Bullard speech
5/20 2:00 ET April FOMC minutes
5/21 8:30 ET Philly Fed
5/21 9:45 ET Markit flash PMIs for May
5/21 10:00 ET Goon Williams speech
5/21 1:00 ET Goon Chlamydia speech
5/21 2:30 ET Chief Goon Powell speech

Key Economic Events Week of 5/11

5/11 12:00 ET Goon Bostic speech
5/11 12:30 ET Goon Evans speech
5/12 8:30 ET CPI
5/12 9:00 ET Goon Kashnkari speech
5/12 10:00 ET Goon Quarles speech
5/12 10:00 ET Goon Harker speech
5/12 5:00 ET Goon Mester speech
5/13 8:30 ET PPI
5/13 9:00 ET Chief Goon Powell speech
5/14 8:30 ET Initial jobless claims and import prices
5/14 1:00 ET Another Goon Kashnkari speech
5/14 6:00 ET Goon Kaplan speech
5/15 8:30 ET Retail Sales and Empire State index
5/15 9:15 ET Cap Ute and Ind Prod
5/15 10:00 ET Business Inventories

Key Economic Events Week of 5/4

5/4 10:00 ET Factory Orders
5/5 8:30 ET US Trade Deficit
5/5 9:45 ET Markit Service PMI
5/5 10:00 ET ISM Sevrice PMI
5/6 8:15 ET ADP jobs report
5/7 8:30 ET Productivity
5/8 8:30 ET BLSBS
5/8 10:00 ET Wholesale Inventories

Key Economic Events Week of 4/27

4/28 8:30 ET Advance trade in goods
4/28 9:00 ET Case-Shiller home prices
4/29 8:30 ET Q1 GDP first guess
4/29 2:00 ET FOMC Fedlines
4/29 2:30 ET CGP presser
4/30 8:30 ET Pers Inc and Cons Spend
4/30 9:45 ET Chicago PMI
5/1 9:45 ET Markit Manu PMI
5/1 10:00 ET ISM Manu PMI

Forum Discussion

by tork311, Jul 10, 2020 - 3:17pm
by Mr Michael Khan, Jul 10, 2020 - 10:21am
by TexasTonto, Jul 9, 2020 - 9:53pm
by SteveW, Jul 9, 2020 - 6:23pm
by SteveW, Jul 9, 2020 - 6:20pm