JP Morgan Metals Manipulation Probe Continues

This news deserves its own thread.

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:


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May 3, 2019 - 10:13am



May 3, 2019 - 10:21am



May 3, 2019 - 10:26am


I love today's rebound but I am not hopeful that JPM can be made to stop manipulating the metals. There is too much money to be made by doing so. I suspect that they will say they are only working for the PPT and the BIS etc. to suppress the price of the precious metals.

May 3, 2019 - 10:41am

Sales tax.

My favorite dealers JM Bullion and SD Bullion are both now charging sales tax for states who collect it. So I checked APMEX. Same thing. Very disappointing. I'm willing to pay a higher premium to other dealers rather than give a penny to the government. If anyone knows of dealers who don't charge sales tax on online sales, please let me know.

May 3, 2019 - 10:50am

JPM manipulation? Nah!

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

May 3, 2019 - 10:50am

Sales tax


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 ...

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.

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 ".

May 3, 2019 - 11:18am
May 3, 2019 - 11:45am


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".

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
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 -

Further backstory and backlinks:

@AgstAger you can use various PM forums to buy direct from others BUT be careful, lots of potential fraud in that game - 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.

bmorrow AgstAger
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.

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.


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