DOJ Accuses JPMorgan's Precious Metals Trading Desk Of Being A Criminal Enterprise https://www.zerohedge.com/markets/three-jpmorgan-traders-charged-massive-gold-market-manipulation-fraud
Now that is too funny.......and not beyond the realm of possibility. Maybe explains why old mate says what he says.
Now we know where the term originated, thanks for putting that there Ian. _JOHNLGALT. (tin foil hat wearer).
I expect that this is another conspiracy to try to get you to take your tin foil hat off. Tin foil actually acts like a faraday cage by blocking radio signals; and you can prove this by wrapping your mobile phone in foil and trying to call it.
So the pricing fluctuations we have been seeing is the non-manipulated normal state of the market that we should be seeing? lol. Assuming they stopped what they were doing....
Using the RICO Act is one of the more interesting aspects of these charges. It allows the DoJ to follow the corruption throughout the organisation to charge anyone other people connected to the crime.
Yes, like the *(alleged) people *(allegedly) involved smuggling DRUGS *(allegedly) aboard the *(alleged) J.P. MORGUE ship. Another one *(allegedly). *There SilverStackers. I've covered yours & my @$$E$. _JLG.
Do you think they are the only manipulative player? It's probably a pissing contest at the local fund manager pub get-together.
The movements have been so big (up and down) in recent times... any old timers care to comment on whether this was similar to what appeared to happened around 2011 or anyone care to comment on why we are seeing such large fluctuations in silver price? IMO there are many forces at work and the trade war and associated positive or negative comments are certainly one impact. The restart of QE (do not call it QE) should also be the reason behind a violent move upwards but again maybe this is simply about the right timing i.e. the move generally from here must be northwards and significantly so but the real question is over what time frame will this play out?
https://www.gumtree.com.au/s-ad/balmain/stools-bar-stools/beautiful-goatskin-bar-stools/1229959325 Ha!! No I'm definitely old enough myself... but I wasn't investing in Silver back then so that was what I was referring to...
Looks like JP Morgan is being prosecuted for "Muh manipulation" https://www.indigopreciousmetals.com/files?file=28&token=58321 It has been a long time between drinks for stackers, but he puts a case now that silver is going to have a decent rally, for this reason. Unlike a lot of the useless "forecasters" that really are palm reading sophists, the writer of that article correctly identified the rhodium rise at the nadir and accurately described the opportunity without sensationalism. https://www.indigopreciousmetals.com/news/rhodium-investment-opportunity-2016/
On hindsight David mitchell is really objective and accurate in his analysis. No death of USD bullshit. He is also one of the rare platinum bulls around. Have you seen the commodity index to S&P chart in his 25th October 2018 cycle turn report? The 2025 commodity peak date is very interesting. https://www.indigopreciousmetals.com/files?file=16&token=21360
yes, I saw that graphic and the report you linked is helpful. The graphic is attributed to Professor Torsten Dennin. I found an article he wrote for seeking alpha which explains this concept (commodity/equity cycle) in more detail. It's also bullish. https://seekingalpha.com/article/3976344-commodity-cycles-1970minus-2016-characteristics-bull-market