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4 RICO not suave
#JPMorgan traders
go on trial today🧵
Wait?!
US DoJ claims PM mkts 'were' criminal
JPMorgan still dominates US precious metals derivative mkt share
This topic is way deeper than mere greed
- bloom.bg/3Pf2W97 -
2 Bloomberg reporters tagged below
#JPMorgan traders
go on trial today🧵
Wait?!
US DoJ claims PM mkts 'were' criminal
JPMorgan still dominates US precious metals derivative mkt share
This topic is way deeper than mere greed
- bloom.bg/3Pf2W97 -
2 Bloomberg reporters tagged below
IRONIC TIMING:
💣former London gold trader
precious metals mkt makers increasingly use unsecured derivatives to subvert mkt forces, now decades running:
reaction.life/dont-forget-th…
"Once investors swallowed this stupefying pill it was easy to sell them gold that simply didn’t exist."
💣former London gold trader
precious metals mkt makers increasingly use unsecured derivatives to subvert mkt forces, now decades running:
reaction.life/dont-forget-th…
"Once investors swallowed this stupefying pill it was easy to sell them gold that simply didn’t exist."
JPMorgan
paid a paltry $920 million fine
for the US Department of Justice's 8 yr RICO precious metals rigging indictment 2008-2016
US Office of the Comptroller of the fiat Currency
often known by the acronym OCC just acknowledged Q1 22 that +90% of PM derivatives = JPMorgan/Citi
paid a paltry $920 million fine
for the US Department of Justice's 8 yr RICO precious metals rigging indictment 2008-2016
US Office of the Comptroller of the fiat Currency
often known by the acronym OCC just acknowledged Q1 22 that +90% of PM derivatives = JPMorgan/Citi
