1/ ‘Statement of Facts’ from USA Justice Departments case against JPM (JPM signed full agreement):
“JPM Precious Metal traders used deceptive orders to benefit clients#s ..place order to artificially lower price at which the hedge-fund could then buy cheap”#silversqueeze
“JPM Precious Metal traders used deceptive orders to benefit clients#s ..place order to artificially lower price at which the hedge-fund could then buy cheap”#silversqueeze
2/ how many times did JPMorgan manipulate the price of precious metals ($Gold #silver):
“In tens of thousands of trading sequences”
#silversqueeze #SilverStimulus
“In tens of thousands of trading sequences”
#silversqueeze #SilverStimulus
“By placing Deceptive Orders, the PM Traders intended to inject false and misleading information about the genuine supply and demand for precious metals into the markets, and to deceive other participants in those markets into believing something untrue about supply & demand”
“By placing Deceptive PM Orders to sell precious metals futures contracts, the Subject PM Traders intended to create the false impression in the market of increased supply in an effort to drive down the prices of those futures contracts.”
Signed JPM >
Signed JPM >
5/ “JPMs deceptive practices resulted in at least $200,847,102 in losses to other participants in the precious metals markets” #gold #silversqueeze
6/
Trader 1: I offered a lot of silver switches 100 to 200 a switch. Spoofed locals number and hopefully mr s h a q
Trader 5: good man 👏🏻
💰 💰 💰 #silversqueeze
Trader 1: I offered a lot of silver switches 100 to 200 a switch. Spoofed locals number and hopefully mr s h a q
Trader 5: good man 👏🏻
💰 💰 💰 #silversqueeze
A example of daily email from Nowak (JPMs Managing Director of Precious Metals Desk) to all JPM traders: to do lot of short selling and deceptive trading to push the price of gold $XAGUSD ⤵️
#ShortSqueeze #silversqueeze
#ShortSqueeze #silversqueeze
7/ Christopher Jordan (Executive Director at JPM, & prior PM’s trader):
“hold on to your hat today, I have my lead pipe out in #silver. .. I’m whacking this little thing”
After placin 105 deceptive Sells on futures to create illusion and pushing price down! #silversqueeze
“hold on to your hat today, I have my lead pipe out in #silver. .. I’m whacking this little thing”
After placin 105 deceptive Sells on futures to create illusion and pushing price down! #silversqueeze
Who’s who of the JPMs Precious metal desk individually charged & pleaded guilty after FBI’s:
A few others charged:
justice.gov/opa/pr/preciou…
And pleaded guilty in the ongoing investigations by the FBI so fast
justice.gov/opa/pr/preciou…
And pleaded guilty in the ongoing investigations by the FBI so fast
“@threadreaderapp unroll”
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